Suburb Profile Report for East Tamworth NSW (2340)

East Tamworth House: Median price $399,000, Annual capital growth 3.53%, Number of sales 104, Weekly median advertised rent $350

East Tamworth Unit: Median price $215,000, Annual capital growth 1.16%, Number of sales 27, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

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 6.40%

The five-year average increase in median property values for East Tamworth,2340 has given property investors a potential capital gain of 33.00% across each of those five years.

East Tamworth2340 is located in NSW which offers an average discount of -5.53% to property investors. East Tamworth itself is showing figures that indicate -6.89% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in East Tamworth the average time real estate has been on the market is 113.96 days.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

East Tamworth, 2340 ranked 116th in NSW when comparing growth in median property values or capital gain over the last 12 months. East Tamworth is one of 3162 in our list for NSW

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

Property buyers and investors in East Tamworth 2340 should be seeing an average reduction in asking price of around -7.19% . This means that East Tamworth is holding prices well when compared to other suburbs in NSW.

In the last year 27 properties changed hands in East Tamworth, which puts it as the 378th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in East Tamworth being $215000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 6.29%

HOUSE UNIT
$399,000 $215,000
2.31% 0.47%
6.40% 13.16%
3.53% 1.16%
$350 $260
104 27
4.56% 6.29%
113.96 110.27

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in East Tamworth NSW
Demographics
Total population 5212
Median household income ($/weekly) 1161
Median age of persons 41
Median housing loan repayment ($/monthly) 1408
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 611 11.7
    25-34 years 548 10.5
    35-44 years 690 13.2
    45-54 years 706 13.5
    55-64 years 691 13.3
    Others 1966 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 1898 50.5
    Not Married 1518 40.4
    Defacto Relationship 344 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4509 92.8
    Papua New Guinea 39 0.8
    United Kingdom 99 2.0
    United States of America 20 0.4
    Other 42 0.9
    Others 150 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.6
    Christianity 4039 84.9
    Hinduism 19 0.4
    Other Religious Groups 17 0.4
    No Religion 643 13.5
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 229 12.3
    $600-$799 197 10.6
    $800-$999 173 9.3
    $1,250-$1,499 181 9.7
    $1,500-$1,999 219 11.8
    Others 864 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1577 39.4
    Not in the labour force 1406 35.1
    Employed, worked part-time 751 18.8
    Employed, away from work 167 4.2
    Unemployed, looking for work 102 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 338 13.5
    Professionals 696 27.9
    Technicians & trades workers 301 12.1
    Clerical & administrative workers 335 13.4
    Sales 240 9.6
    Others 587 23.5
    Occupation
    Census Count Percent(%)
    Pre-school 111 9.4
    Infants/Primary 373 31.5
    Secondary 366 30.9
    Technical or Further Educational Institution 156 13.2
    University or other Tertiary Institutions 153 12.9
    Others 24 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4140 88.0
    Flat, unit or apartment 421 8.9
    Semi-detached, row or terrace house, townhouse 130 2.8
    Caravan, cabin, houseboat 10 0.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 807 40.0
    Rented 629 31.1
    Being purchased 571 28.3
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals