Giving property investors a an average capital gain of -2.79% for the last year, Taree, 2430 is the 2217th highest performer in Australia in this respect.
While Taree,2430 ranked number 758th in NSW for increase in median house value (annualised) increase, it is ranked 439th over the last 5 years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.38% offered to property buyers. Sellers in Taree itself are offering an average vendor discount of -6.59% to real estate investors.
The NSW suburb of Taree, 2430 is in the Mid-Coast (A) local government area.
Investment property in Taree has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.74%
A 54.59% growth in median value for property investors in Taree,2430 puts this suburb at number 66th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Taree are currently offering property investors an average price cut of -4.78% below the asking price at the moment.
Often selling an investment property can take time, and in Taree the average time real estate has been on the market is 74.8333 days.
With the median price for a house in Taree being $257000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.06%