Located in New South Wales within the Mid-Coast local government area, Taree is a well-established suburb (postcode 2430). With a population of 16,715, the suburb has a settled, mature resident base with a median age of 45. Households earn a median income of $50K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, professionals, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Taree is $590,000, having risen solidly by 6.8% over the past year. Units have a median price of $346,000 (-10.1% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Taree is served by 9 schools, including 5 primary, 3 secondary, 1 combined. The average ICSEA score is 886, which is well below the national average of 1,000. Public transport access includes 3 rail stations, 282 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, Taree shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices sit below the state median ($590K/$1.5M), which can point to relative value. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +6.8% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.