Suburb Profile Report for North Tamworth NSW (2340)

North Tamworth House: Median price $367,500, Annual capital growth 4.82%, Number of sales 89, Weekly median advertised rent $340

North Tamworth Unit: Median price $272,500, Annual capital growth 2.58%, Number of sales 21, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in North Tamworth, 2340 have given investors a capital gain of 6.52%. This compares averagely with the 8.26% for NSW as a whole.

While North Tamworth,2340 ranked number 1085th in NSW for increase in median house value (annualised) increase, it is ranked 779th over the last 5 years.

Our latest figures would indicate that property sellers in North Tamworth are currently offering property investors an average price cut of -4.89% below the asking price at the moment.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.81%, without taking into account capital value appreciation, which has been averaging out at 4.82%.

If you compare the increase in value of investment property in North Tamworth, 2340 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -8.33%.

Taking the average capital gain, or increase in median house value, North Tamworth,2340 has racked up an average of -8.33% over the period. This ranks it number 1029th in the whole country for real estate investors looking at median house price increases.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

Metrics i HOUSE UNIT
$367,500 $272,500
0.00% N/A
6.52% -8.33%
4.82% 2.58%
$340 $280
89 21
4.81% 5.34%
102.26 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 4090
Median household income ($/weekly) 898
Median age of persons 42
Median housing loan repayment ($/monthly) 1500
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 404 9.9
    25-34 years 504 12.3
    35-44 years 480 11.7
    45-54 years 517 12.6
    55-64 years 404 9.9
    Others 1782 43.6
    Age Group
    Census Count Percent(%)
    Not Married 1392 49.3
    Registered Married 1170 41.4
    Defacto Relationship 261 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3521 92.9
    Greece 14 0.4
    Papua New Guinea 21 0.6
    United Kingdom 87 2.3
    Other 40 1.1
    Others 107 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 0.7
    Christianity 3090 84.5
    Islam 16 0.4
    Other Religious Groups 14 0.4
    No Religion 497 13.6
    Others 13 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 182 12.0
    $400-$599 242 15.9
    $600-$799 171 11.2
    $800-$999 156 10.2
    $1,500-$1,999 159 10.4
    Others 613 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1363 42.9
    Employed, worked full-time 1133 35.7
    Employed, worked part-time 498 15.7
    Employed, away from work 92 2.9
    Unemployed, looking for work 92 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 395 22.9
    Technicians & trades workers 259 15.0
    Community & personal service workers 197 11.4
    Clerical & administrative workers 215 12.5
    Sales 206 12.0
    Others 451 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 69 9.3
    Infants/Primary 249 33.5
    Secondary 232 31.2
    Technical or Further Educational Institution 104 14.0
    University or other Tertiary Institutions 70 9.4
    Others 20 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2554 73.1
    Flat, unit or apartment 501 14.3
    Semi-detached, row or terrace house, townhouse 434 12.4
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 630 40.1
    Fully owned 473 30.1
    Being purchased 440 28.0
    Other tenure type 30 1.9
    Tenure Type
Census 2011, ABS
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