Suburb Profile Report for Tenambit NSW (2323)

Tenambit House: Median price $372,000, Annual capital growth 3.93%, Number of sales 52, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Tenambit 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 9.41%

When looking at the potential capital gains offered to property investors over the last 3 years, Tenambit comes in at number 1160th in NSW.

Sellers are offering property buyers an average discount of -4.84% to buyers in Tenambit at the moment, which is less than average for the rest of NSW.

On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.89%, without taking into account capital value appreciation, which has been averaging out at 3.93%.

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Tenambit is a small suburb on the fringes of Maitland, in NSW’s Hunter Region. It is roughly 40km from Newcastle and 166km from Sydney.

Most of the residents in the area are employed either in Maitland or Newcastle, with nearby historic town Morpeth another minor employment hub, thanks to its fashion boutiques, cafes and speciality shops. The suburb is also close to the now closed Maitland Gaol, which housed some of Australia’s most notorious criminals. It is now one of the area’s biggest tourist attractions.

Full summary

Tenambit is a small suburb on the fringes of Maitland, in NSW’s Hunter Region. It is roughly 40km from Newcastle and 166km from Sydney.

Most of the residents in the area are employed either in Maitland or Newcastle, with nearby historic town Morpeth another minor employment hub, thanks to its fashion boutiques, cafes and speciality shops. The suburb is also close to the now closed Maitland Gaol, which housed some of Australia’s most notorious criminals. It is now one of the area’s biggest tourist attractions.

Auction clearance rates are currently highly favourable in the suburb – at 80% – indicating strong demand. Vacancies are super tight at 0.62% and the low level of stock on market, 1.76% of properties in the area, suggests there is high demand and low supply.

Close
HOUSE UNIT
$372,000 N/A
3.19% N/A
9.41% N/A
3.93% N/A
$350 N/A
52 N/A
4.89% N/A
70.42 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 3008
Median household income ($/weekly) 1082
Median age of persons 36
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 378 12.6
    25-34 years 382 12.7
    35-44 years 347 11.5
    45-54 years 383 12.7
    55-64 years 396 13.2
    Others 1123 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 1146 50.5
    Not Married 959 42.2
    Defacto Relationship 166 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2683 93.1
    Greece 19 0.7
    Papua New Guinea 25 0.9
    South Africa 21 0.7
    United Kingdom 75 2.6
    Others 58 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.2
    Christianity 2276 81.4
    Islam 4 0.1
    Other Religious Groups 28 1.0
    No Religion 478 17.1
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 90 8.9
    $400-$599 123 12.2
    $600-$799 127 12.6
    $1,500-$1,999 117 11.6
    $2,000-$2,499 96 9.5
    Others 456 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 984 42.6
    Employed, worked full-time 758 32.8
    Employed, worked part-time 401 17.4
    Unemployed, looking for work 91 3.9
    Employed, away from work 75 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 124 10.0
    Professionals 205 16.6
    Technicians & trades workers 206 16.7
    Clerical & administrative workers 193 15.6
    Labourers 153 12.4
    Others 354 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 53 7.8
    Infants/Primary 231 33.9
    Secondary 222 32.6
    Technical or Further Educational Institution 74 10.9
    University or other Tertiary Institutions 88 12.9
    Others 14 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2757 94.0
    Semi-detached, row or terrace house, townhouse 122 4.2
    Flat, unit or apartment 48 1.6
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 393 36.0
    Being purchased 359 32.8
    Rented 337 30.8
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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