Unit 7, 1 SPENCE STREET Taree NSW 2430
This property is Off Market
- The Average property price in this area is $609,230, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 14.96 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/21/2024 12 COULSTON ST $530,000
- 10/21/2024 65 EDINBURGH DR $475,000
- 10/18/2024 22 PLOVER ST $367,000
- 10/17/2024 3 WHITBREAD ST $465,000
- 10/17/2024 7 FLORENCE ST $413,000
About Taree
With an average age of 40, households expect an average monthly mortgage payment of $1,083 or a weekly rent payment of $320. The average family earns a weekly income of $1,116 with a typical household size of 2.4 and a 93.67% employment rate.
In Taree there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Taree is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Taree leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Taree we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Taree a better buying opportunity than it may have been in the past.
Public Transport
Kendall
General Points of Interest
Taree Plaza
Manning Aquatic Leisure Centre
Wingham Memorial Swimming Centre
Taree Motorcycle Club
Manning River Rowing Club
Club Taree Golf Course
Mick Tuck Memorial Seat
De Haviland Vampire jet
Taree War Memorial Clock
The Big Log
Population
(Country of Birth not stated 4%)
Are people healthy?
There are a recorded 2991 asthma sufferers and 1511 people living with diabetes. In addition, 1509 people have a heart/vascular condition and 3238 people live with three or more chronic diseases.A good place to invest in property?
Taree a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
05 / 100
31 / 100
Industry
16 / 100
22 / 100
Population
13 / 100
19 / 100
House Prices
36 / 100
60 / 100
Jobs
14 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsTaree HS Taree WPS
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Chatham High School
Taree, NSW, 2430 State 7-12 -
Taree High School
Taree, NSW, 2430 State 7-12 -
Manning Gardens Public School
Taree, NSW, 2430 State P-6 -
Taree Public School
Taree, NSW, 2430 State K-6 -
St Joseph's Primary School
Taree, NSW, 2430 Independent K-6 -
Chatham Public School
Taree, NSW, 2430 State K-6 -
Taree Christian College
Taree, NSW, 2430 Independent K-12
Property Story
Unit 7, 1 Spence Street, Taree, Nsw, 2430 is a residential property . The estimated distance to the sea is 14.96km and at least 1.56KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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