Suburb Profile Report for Tempe NSW (2044)

Tempe House: Median price $1,225,000, Annual capital growth 10.13%, Number of sales 48, Weekly median advertised rent $680

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

With a capital gain of 18.93% for the last 12 months, Tempe, 2044 has performed for property investments than its average annual 10.13% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tempe has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Tempe is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 136th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Tempe the average time real estate has been on the market is 38.71 days.

Advertised rents are around the $680 mark per week – giving a return of 2.89% based on the median price in Suburb

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Tempe is located 9km southwest of the Sydney CBD, where the Cooks River and Alexandra Canal join. It is at the junction of a few train lines, with the CBD, the Sutherland Shire and the outer west all easily accessible by rail. Botany Bay is within easy reach, as is Sydney airport. The amenities of Newtown are also a short bus or train ride away. Full summary

Tempe is located 9km southwest of the Sydney CBD, where the Cooks River and Alexandra Canal join. It is at the junction of a few train lines, with the CBD, the Sutherland Shire and the outer west all easily accessible by rail. Botany Bay is within easy reach, as is Sydney airport. The amenities of Newtown are also a short bus or train ride away.

Tempe attracts an affluent demographic, with an average weekly income that's significantly higher than the NSW average. It’s a small, tightly-held suburb, and properties are in demand with very little vendor discounting.

Tempe is cheaper than nearby suburbs like Marrickville ($740,000) or Brighton-Le-Sands, so there may still be scope for growth fuelled by buyers priced out of those suburbs. Ongoing gentrification of this part of Sydney should also ensure long-term growth. Investors can pick up 'renovator’s delight’ properties for quick equity boost.

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Metrics i HOUSE UNIT
$1,225,000 N/A
2.83% N/A
18.93% N/A
10.13% N/A
$680 N/A
48 N/A
2.89% N/A
38.71 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3298
Median household income ($/weekly) 1615
Median age of persons 38
Median housing loan repayment ($/monthly) 2600
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 323 9.8
    25-34 years 523 15.8
    35-44 years 622 18.8
    45-54 years 512 15.5
    55-64 years 360 10.9
    Others 961 29.1
    Age Group
    Census Count Percent(%)
    Not Married 1065 43.9
    Registered Married 1041 42.9
    Defacto Relationship 321 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1919 63.4
    Germany 128 4.2
    United Kingdom 122 4.0
    Viet Nam 93 3.1
    Other 183 6.0
    Others 584 19.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 154 5.3
    Christianity 1742 59.6
    Hinduism 59 2.0
    Islam 50 1.7
    No Religion 866 29.6
    Others 50 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 76 7.3
    $1,500-$1,999 146 14.0
    $2,000-$2,499 111 10.7
    $2,500-$2,999 126 12.1
    $3,000-$3,499 83 8.0
    Others 499 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1132 45.4
    Not in the labour force 765 30.7
    Employed, worked part-time 410 16.5
    Employed, away from work 102 4.1
    Unemployed, looking for work 83 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 204 12.4
    Professionals 453 27.6
    Technicians & trades workers 192 11.7
    Clerical & administrative workers 293 17.8
    Labourers 126 7.7
    Others 375 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 50 7.4
    Infants/Primary 208 30.8
    Secondary 141 20.9
    Technical or Further Educational Institution 64 9.5
    University or other Tertiary Institutions 187 27.7
    Others 25 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2358 78.5
    Semi-detached, row or terrace house, townhouse 572 19.0
    Flat, unit or apartment 52 1.7
    House or flat attached to a shop, office 22 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 481 42.9
    Fully owned 364 32.5
    Rented 270 24.1
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
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