Suburb Profile Report for Taree NSW (2430)

Taree House: Median price $330,500, Annual capital growth 4.30%, Number of sales 276, Weekly median advertised rent $330

Taree Unit: Median price $257,000, Annual capital growth 5.92%, Number of sales 46, Weekly median advertised rent $250

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$330,500 $257,000
-1.34% 3.21%
-2.79% 11.74%
4.30% 5.92%
$330 $250
276 46
5.19% 5.06%
87.0765550239235 74.8333333333333

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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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