At number 123th in the list of Australian suburbs ordered by increase in median house value over the last year, Taroona, 7053 is in the top 10% with a property value increase of 26.00% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Taroona has increased when compared to the 5 year average annual rate.
Vendor discounting in Taroona is giving property investors an average Vendor Discount of around -4.65%. This puts suburb at number 107th in TAS when ranking the most discounted suburbs.
Taroona is 118th on a list of best yielding suburbs for rents in TAS with a 3.52% return
Across a shorter period, Taroona, 7053 has seen a median price increase of 11.59% over the last quarter.
On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.
With the median price for a house in Taroona being $573000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 2.95%