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.