Suburb Profile Report for Taree NSW (2430)

Taree House: Median price $331,250, Annual capital growth 3.92%, Number of sales 323, Weekly median advertised rent $340

Taree Unit: Median price $240,000, Annual capital growth 5.38%, Number of sales 55, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Taree is an average performer in NSW when comparing median price capital growth over the last year. Taree gave property investors a average capital gain figure when compared to the rest of the state, with -1.27%.

If we look at median property appreciation over just the last three months, Taree has given property investors a paper return of 0.53%. This puts Suburb as 775 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -6.59% to buyers in Taree at the moment, which is less than average for the rest of NSW.

In the last year 323 properties changed hands in Taree, which puts it as the 13th most active market in NSW when comparing the number of sales per suburb.

Over the last year, property investments in Taree, 2430 have given investors a capital gain of -2.04%. This compares averagely with the -0.92% for NSW as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Taree has increased when compared to the 5 year average annual rate.

Property buyers and investors in Taree 2430 should be seeing an average reduction in asking price of around -6.99% . This means that Taree is holding prices well when compared to other suburbs in NSW.

Situated 247.47km from the CBD, Taree is one of Mid-Coast (A) localities in the postcode 2430.

Metrics i HOUSE UNIT
$331,250 $240,000
0.53% -7.16%
-1.27% -2.04%
3.92% 5.38%
$340 $260
323 55
5.34% 5.63%
97.9456066945607 90.3720930232558

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 15848
Median household income ($/weekly) 704
Median age of persons 44
Median housing loan repayment ($/monthly) 1287
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2035 12.8
    35-44 years 1745 11.0
    45-54 years 1957 12.3
    55-64 years 1975 12.5
    65-74 years 1820 11.5
    Others 6317 39.9
    Age Group
    Census Count Percent(%)
    Not Married 5261 46.5
    Registered Married 4976 44.0
    Defacto Relationship 1075 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 13733 92.3
    New Zealand 53 0.4
    Papua New Guinea 146 1.0
    United Kingdom 402 2.7
    Other 148 1.0
    Others 391 2.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 0.7
    Christianity 11684 80.8
    Hinduism 37 0.3
    Other Religious Groups 31 0.2
    No Religion 2575 17.8
    Others 43 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 806 14.1
    $400-$599 1101 19.2
    $600-$799 815 14.2
    $800-$999 637 11.1
    $1,000-$1,249 519 9.1
    Others 1844 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6335 52.4
    Employed, worked full-time 2898 24.0
    Employed, worked part-time 1898 15.7
    Unemployed, looking for work 637 5.3
    Employed, away from work 329 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 770 15.0
    Technicians & trades workers 730 14.2
    Community & personal service workers 636 12.4
    Sales 716 14.0
    Labourers 794 15.5
    Others 1479 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 307 9.3
    Infants/Primary 1260 38.3
    Secondary 1031 31.4
    Technical or Further Educational Institution 399 12.1
    University or other Tertiary Institutions 207 6.3
    Others 83 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12544 86.2
    Semi-detached, row or terrace house, townhouse 693 4.8
    Flat, unit or apartment 1282 8.8
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 25 0.2
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2292 37.3
    Fully owned 2249 36.6
    Being purchased 1550 25.2
    Other tenure type 56 0.9
    Tenure Type
Census 2011, ABS
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