Taren Point is a small community in New South Wales within the Sutherland Shire local government area (postcode 2229). With a population of 1,879, the suburb has an older demographic with a median age of 58. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Taren Point is $1.3 million, having dropped significantly 49% over the past year. Units have a median price of $1.4 million (+0.8% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $3,000.
Taren Point is served by 1 school, including 1 primary. The average ICSEA score is 1043, which is around the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Taren Point offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved -49.0% year-on-year.
Taren Point is a small community in New South Wales within the Sutherland Shire local government area (postcode 2229). With a population of 1,879, the suburb has an older demographic with a median age of 58. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Greek.
The median house price in Taren Point is $1.3 million, having dropped significantly 49% over the past year. Units have a median price of $1.4 million (+0.8% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $3,000.
Taren Point is served by 1 school, including 1 primary. The average ICSEA score is 1043, which is around the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Taren Point offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved -49.0% year-on-year.