Suburb Profile Report for East Tamworth NSW (2340)

East Tamworth House: Median price $420,000, Annual capital growth 3.88%, Number of sales 118, Weekly median advertised rent $350

East Tamworth Unit: Median price $249,000, Annual capital growth 4.54%, Number of sales 39, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in East Tamworth 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 7.69%

A 31.25% growth in median value for property investors in East Tamworth,2340 puts this suburb at number 762th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that East Tamworth is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 455th in terms of most discounted suburbs in NSW

East Tamworth is 334th on a list of best yielding suburbs for rents in NSW with a 4.33% return

If you compare the increase in value of investment property in East Tamworth, 2340 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 21.46%.

Comparing East Tamworth,2340 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in East Tamworth are currently offering property investors an average price cut of -5.70% below the asking price at the moment.

Often selling an investment property can take time, and in East Tamworth the average time real estate has been on the market is 88.85 days.

Advertised rents are around the $265 mark per week – giving a return of 5.53% based on the median price in Suburb

Metrics i HOUSE UNIT
$420,000 $249,000
2.44% 7.33%
7.69% 21.46%
3.88% 4.54%
$350 $265
118 39
4.33% 5.53%
110.82 88.85

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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
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