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Taree suburb profile

Taree is a charming regional town located in the Mid North Coast region of New South Wales, approximately 310km north of Sydney. Nestled along the banks of the Manning River, Taree is known for its picturesque landscapes and welcoming community. The town serves as a hub for the surrounding agricultural areas, offering a blend of rural charm and modern amenities. With a variety of schools, shopping centres, and healthcare facilities, Taree caters to families and retirees alike. Its proximity to beautiful beaches and national parks makes it an attractive destination for nature enthusiasts and those seeking a relaxed lifestyle.

Taree property market performance

Current median dwelling price$475,625Past 3 months

Property growth+16.8%Past 12 months

Taree’s property market has flourished over the past 12 months with notable increases in both house and unit values. House prices have risen by 13.2%, bringing the current median to approximately $596,250. Units have seen an even more substantial uplift of 20.3% with a median price now at $355,000, indicating growing demand.

Sales activities have remained positive, with 80 houses and 18 units sold in the past year. Houses typically remain on the market for about 48 days, while units are selling faster at 40 days, suggesting robust interest in the unit market.

The rental market in Taree has shown healthy growth, with house rents increasing by 4.2% and unit rents by 5.6% over the last 12 months, reflecting a strong rental demand across both property types.

HousesUnits
Median price
Past 3 months
$596K$355K
Change in value
Past 12 months
13.2%20.3%
Sold
Past 3 months
8018
Median days on market
Past 12 months
4840
Average rent
Past 12 months
$500$380
Change in rent
Past 12 months
4.2%5.6%

5 year median price trend for houses and units

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Taree demographics

Taree, located in the picturesque Mid North Coast region of New South Wales, is a charming town known for its scenic beauty and relaxed lifestyle. With a population of 16,715, Taree offers a welcoming community atmosphere, making it an attractive place for families, retirees, and those seeking a quieter pace of life. The median age of 45 reflects a mature population, with many residents enjoying the town's natural surroundings and community-focused lifestyle.

The housing landscape in Taree is diverse, with a significant portion of properties owned outright, accounting for 38.2% of the total. This indicates a stable community with long-term residents who have established roots in the area. Additionally, 23.1% of properties are owned with a mortgage, while 38.7% are rented, providing a range of options for both homeowners and renters. The town's affordability, with a median total household income of $968 per week, makes it an appealing choice for those looking to balance cost of living with quality of life.

Family dynamics in Taree are varied, with couple families without children making up 42.8% of the population, followed by couple families with children at 28.6%. One-parent families also represent a significant portion, comprising 26.6% of the community. This diverse family structure contributes to a rich social fabric, supported by local amenities, schools, and community services. Taree's blend of natural beauty, affordability, and community spirit makes it a desirable location for those seeking a fulfilling and balanced lifestyle.

Taree infrastructure, key developments and investment opportunities

Taree has recently benefited from the completed Ambulance Station upgrade, which improves local emergency response capacity and adds to the town’s essential services network. This kind of health infrastructure can support confidence among buyers, particularly families and downsizers who value access to core services.

Taree remains the commercial hub of the Manning Valley, with established retail, schooling and transport links that continue to underpin day-to-day livability. Its position on the Pacific Highway also keeps it well connected to surrounding coastal and inland communities, which helps sustain demand for convenient regional housing. Overall, there are no major new redevelopments currently evident that would dramatically shift the market, but the suburb’s service-centre role remains a steady support for property demand.

Taree rental market trends

The rental market in Taree shows moderate growth, with house rents increasing 4.2% over the past year to $500 per week, while unit rents have risen 5.6% to $380 per week. As an affordable regional option, Taree continues to attract renters and investors looking for steady returns and potential growth in a quiet, picturesque setting.

Suburbs near Taree

Some popular suburbs near Taree include:

  • Tinonee: Known for its charming rural atmosphere and scenic river views, Tinonee is located southwest of Taree.
  • Cundletown: Featuring a blend of historical charm and modern amenities, Cundletown is situated to the northeast of Taree.
  • Wingham: Renowned for its heritage buildings and vibrant community events, Wingham lies to the west of Taree.
  • Rainbow Flat: Known for its peaceful rural lifestyle and proximity to coastal attractions, Rainbow Flat is located to the southeast of Taree.
  • Mitchells Island: Offering tranquil riverfront living and natural beauty, Mitchells Island is situated to the east of Taree.

How does Taree compare to nearby suburbs?

  • Median house prices: Taree’s median house price is 6.5% higher than Wingham’s.
  • House price growth: Over the past 12 months, house prices in Taree have grown 15.0% higher than in Tinonee.
  • Selling speed for houses: Properties in Taree are selling 9.4% faster than in Tinonee.

Common questions about Taree

  • Is Taree a nice place to live?

    Taree is a delightful place to call home, offering a serene lifestyle amidst the picturesque landscapes of the Mid North Coast. Known for its welcoming community and charming rural atmosphere, Taree provides a fantastic environment for families and retirees alike. The town is well-equipped with modern amenities, including a variety of schools, shopping centres, and healthcare facilities, ensuring that residents have everything they need within easy reach. The proximity to beautiful beaches and national parks adds to the appeal, offering plenty of opportunities for outdoor activities and relaxation.

    The vibe in Taree is relaxed and community-focused, with a strong sense of belonging among its residents. The town's cultural scene is enriched by local events and markets, fostering a vibrant and connected community. Safety is generally not a major concern, contributing to the overall peace of mind for families looking to settle down in a secure environment. While Taree may not offer the bustling nightlife of a big city, it compensates with its tranquil lifestyle and the natural beauty that surrounds it.

    For families, Taree offers a supportive environment with access to quality education and community services. The town's affordability is a significant drawcard, allowing families to enjoy a comfortable lifestyle without the financial pressures often associated with larger urban centres. However, one trade-off of living in Taree is the distance from major cities, which might require longer travel times for those who need to commute for work or other commitments. Despite this, the town's connectivity via the Pacific Highway ensures that residents remain well-linked to surrounding areas.

    Ultimately, Taree is a wonderful place to live for those seeking a balanced lifestyle, where the charm of rural living meets the convenience of modern amenities. Its community spirit, natural beauty, and family-friendly environment make it a desirable location for anyone looking to enjoy a fulfilling and peaceful life.

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  • Is it expensive to live in Taree?

    Living in Taree is relatively affordable compared to many other parts of New South Wales. The median house price is currently $596,250, and for those considering units, the median price is $355,000. These figures are quite reasonable when compared to the skyrocketing property prices in larger cities like Sydney.

    When it comes to renting, Taree offers a more budget-friendly option as well. The average rent for houses is $500 per week, while units average around $380 per week. This is manageable, especially when you consider the average annual wage in Taree is about $58,000. This income level aligns well with the cost of housing, making it a more accessible option for many.

    Overall, Taree provides a more affordable living environment compared to the state average, allowing residents to enjoy a comfortable lifestyle without the hefty price tag associated with larger urban areas. If you're thinking of living in Taree, you'll find that it offers a good balance of cost and quality of life.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Taree a good place to invest?

    Taree is showing promising signs as a potential investment hotspot, with recent data indicating a strong upward trend in property values. Over the past year, the median house value in Taree has increased by 13.2%, while units have seen an even more impressive rise of 20.3%. This suggests a growing demand for properties in the area, which is a positive indicator for investors looking for capital growth.

    In addition to the appreciation in property values, rental yields in Taree are also on the rise. House rents have increased by 4.2%, and unit rents have gone up by 5.6% over the last 12 months. This steady growth in rental income can provide a reliable stream of revenue for property investors, making Taree an attractive option for those seeking both capital gains and rental returns.

    Overall, Taree's recent performance in both property value appreciation and rental growth makes it a compelling choice for investment. The combination of rising demand, increasing property values, and solid rental yields suggests that Taree could offer a balanced investment opportunity for those looking to enter the real estate market.

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Choose the right real estate agents in Taree

There are 47 real estate agents in Taree, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 51.9% of all sales in the past year.

Commission rates in Taree typically range from 2.63% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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