Taren Point is a close-knit residential community in New South Wales within the Sutherland Shire local government area (postcode 2229). The area has roughly 1,879 residents and a more retirement-aged population, with a median age of 58. Households earn a median income of $76K per year, with an average household size of 2.3 people. 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 professionals, managers, clerical & administrative. Employment in the area leans toward construction and retail trade. The top ancestries reported are English, Australian, Greek.
Taren Point has a median house price of $2.4 million, which has risen steeply by 10.9% year-on-year. Units have a median price of $1.3 million (-13.3% YoY). The current median weekly rent is $865. This gives a gross rental yield of approximately 1.9%. 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 1,776 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 1.9%, which reads as low yield. Property prices are above the state median ($2.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 31.5x is considered stretched. House prices have moved +10.9% year-on-year.