Tarro is a small community in New South Wales within the Newcastle local government area (postcode 2322). With a population of 1,703, the suburb has a mature demographic with a median age of 45. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Tarro is $716,000, having surged 10.2% over the past year. Units have a median price of $631,000 (+20.9% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,517.
Tarro is served by 2 schools, including 2 primary. The average ICSEA score is 952, which is around the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Tarro offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($716K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +10.2% year-on-year.
Tarro is a small community in New South Wales within the Newcastle local government area (postcode 2322). With a population of 1,703, the suburb has a mature demographic with a median age of 45. Households earn a median income of $61K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Tarro is $716,000, having surged 10.2% over the past year. Units have a median price of $631,000 (+20.9% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,517.
Tarro is served by 2 schools, including 2 primary. The average ICSEA score is 952, which is around the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Tarro offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($716K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.8x is considered stretched. House prices have moved +10.2% year-on-year.