Suburb Profile Report for Tempe NSW (2044)

Tempe House: Median price $1,055,000, Annual capital growth 8.43%, Number of sales 44, Weekly median advertised rent $685

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Tempe has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.50%

While Tempe,2044 ranked number 439th in NSW for increase in median house value (annualised) increase, it is ranked 327th over the last 5 years.

Our latest figures would indicate that property sellers in Tempe are currently offering property investors an average price cut of -3.02% below the asking price at the moment.

At number 154 in a list of fastest selling suburbs, Tempe is in the TOP 10% of suburbs in Australia with an average of days on market 37.65 for properties listed there.

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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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HOUSE UNIT
$1,055,000 N/A
2.43% N/A
9.50% N/A
8.43% N/A
$685 N/A
44 N/A
3.38% N/A
37.65 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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