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%