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 6.33%
The five-year average increase in median property values for East Tamworth,2340 has given property investors a potential capital gain of 31.25% across each of those five years.
At number 422th of NSW’s most discounted properties, East Tamworth is in the bottom 40% of the state/territory when listing in order of most discounted to least.
In the last year 116 properties changed hands in East Tamworth, which puts it as the 227th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in East Tamworth being $420000 and the advertised rent reaching $342.5 the gross rental yield for property investors calculates out to be 4.24%
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 22.66%.
While East Tamworth,2340 ranked number 102th in NSW for increase in median house value (annualised) increase, it is ranked 380th over the last 5 years.
East Tamworth, 2340 is offering NSW ‘s 36th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
In the last year 34 properties changed hands in East Tamworth, which puts it as the 351th 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.