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