Investment property in East Tamworth has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.49%
Taking the average capital gain, or increase in median house value, East Tamworth,2340 has racked up an average of 6.49% over the period. This ranks it number 1817th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in East Tamworth is giving property investors an average Vendor Discount of around -5.80%. This puts suburb at number 455th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in East Tamworth the average time real estate has been on the market is 113.5 days.
Advertised rents are around the $345 mark per week – giving a return of 4.38% based on the median price in Suburb
Over the last year, property investments in East Tamworth, 2340 have given investors a capital gain of 13.90%. This compares very favourably with the 5.88% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, East Tamworth comes in at number 490th in NSW.
LACK OF BUYER INTEREST may well be the reason that East Tamworth is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 89th in terms of most discounted suburbs in NSW
In the last year 35 properties changed hands in East Tamworth, which puts it as the 338th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.