Investment property in Taree has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.13%
Comparing Taree,2430 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Taree is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 580th in terms of most discounted suburbs in NSW
Residents and property investors in Taree have been waiting around 56.7 days to sell a property.
The NSW suburb of Taree, 2430 is in the Greater Taree local government area.
At number 498th in the list of Australian suburbs ordered by increase in median house value over the last year, Taree, 2430 is in the top 30% with a property value increase of 10.22% recorded in median house prices.
Taree,2430 was ranked 1463 in Australia by increase in median property value over the quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Taree itself are offering an average vendor discount of -3.85% to real estate investors.
Advertised rents are around the $260 mark per week – giving a return of 6.78% based on the median price in Suburb