Suburb Profile Report for North Tamworth NSW (2340)

North Tamworth House: Median price $360,000, Annual capital growth 4.46%, Number of sales 90, Weekly median advertised rent $340

North Tamworth Unit: Median price $265,000, Annual capital growth 2.90%, Number of sales 17, Weekly median advertised rent $283

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in North Tamworth has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.83%

While North Tamworth,2340 ranked number 1230th in NSW for increase in median house value (annualised) increase, it is ranked 805th over the last 5 years.

The most recent median price for North Tamworth is $360000, with sellers offering an average of -4.96% off the asking price.

Often selling an investment property can take time, and in North Tamworth the average time real estate has been on the market is 98.8 days.

North Tamworth, 2340’s gross rental yield is 4.91%

Property value increases in North Tamworth have tracked lower than the NSW average of 5.88% over the last 12 months.

North Tamworth,2340 has offered an average of -10.85% return per annum in house price rises to property investors over the last three years.

With the median price for a house in North Tamworth being $265000 and the advertised rent reaching $282.5 the gross rental yield for property investors calculates out to be 5.54%

Metrics i HOUSE UNIT
$360,000 $265,000
-2.04% -1.85%
-0.83% -10.85%
4.46% 2.90%
$340 $283
90 17
4.91% 5.54%
98.8 N/A

Source: CoreLogic

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