Taree is a well-established suburb in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 16,715, the suburb has a mature demographic with a median age of 45. Households earn a median income of $50K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, professionals, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Taree is $618,000, having surged 12.3% over the past year. Units have a median price of $240,000 (-39.8% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 4.2%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Taree offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($618K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved +12.3% year-on-year.
Taree is a well-established suburb in New South Wales within the Mid-Coast local government area (postcode 2430). With a population of 16,715, the suburb has a mature demographic with a median age of 45. Households earn a median income of $50K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, professionals, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Taree is $618,000, having surged 12.3% over the past year. Units have a median price of $240,000 (-39.8% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 4.2%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Taree offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($618K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved +12.3% year-on-year.