Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $245,000, Annual capital growth 1.88%, Number of sales 115, Weekly median advertised rent $300

South Tamworth Unit: Median price $156,000, Annual capital growth 3.76%, Number of sales 19, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 0.00% for the last year, South Tamworth, 2340 is the 2823th highest performer in Australia in this respect.

Over the longer term, South Tamworth has seen property prices show investors a 8.89% return over the last 3 years. This is worse than over the last 12 months

South Tamworth2340 is located in NSW which offers an average discount of -5.49% to property investors. South Tamworth itself is showing figures that indicate -7.43% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $3600 per annum or $300 every week.

If you compare the increase in value of investment property in South 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 -14.99%.

Sellers are offering property buyers an average discount of -5.57% to buyers in South Tamworth at the moment, which is less than average for the rest of NSW.

At number 1382 in a list of fastest selling suburbs, South Tamworth is in the bottom 10% of suburbs in Australia with an average of days on market 129.88 for properties listed there.

Situated 307.27km from the CBD, South Tamworth is one of Tamworth Regional localities in the postcode 2340.

HOUSE UNIT
$245,000 $156,000
0.00% -14.52%
0.00% -14.99%
1.88% 3.76%
$300 $230
115 19
6.37% 7.67%
111.6 129.88

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 6692
Median household income ($/weekly) 749
Median age of persons 39
Median housing loan repayment ($/monthly) 1244
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 829 12.4
    25-34 years 833 12.4
    35-44 years 744 11.1
    45-54 years 862 12.9
    55-64 years 734 11.0
    Others 2691 40.2
    Age Group
    Census Count Percent(%)
    Not Married 2448 51.0
    Registered Married 1824 38.0
    Defacto Relationship 525 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5840 95.5
    Papua New Guinea 44 0.7
    Philippines 42 0.7
    United Kingdom 82 1.3
    Other 24 0.4
    Others 84 1.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.4
    Christianity 5167 86.0
    Hinduism 5 0.1
    Other Religious Groups 29 0.5
    No Religion 774 12.9
    Others 9 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 354 14.1
    $400-$599 416 16.6
    $600-$799 377 15.0
    $800-$999 273 10.9
    $1,000-$1,249 250 9.9
    Others 843 33.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2150 43.2
    Employed, worked full-time 1608 32.3
    Employed, worked part-time 829 16.6
    Unemployed, looking for work 230 4.6
    Employed, away from work 162 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 280 10.8
    Technicians & trades workers 447 17.2
    Clerical & administrative workers 331 12.7
    Sales 301 11.6
    Labourers 555 21.3
    Others 687 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 117 9.3
    Infants/Primary 490 38.9
    Secondary 351 27.9
    Technical or Further Educational Institution 186 14.8
    University or other Tertiary Institutions 89 7.1
    Others 27 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5232 85.1
    Flat, unit or apartment 633 10.3
    Semi-detached, row or terrace house, townhouse 277 4.5
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1108 42.1
    Fully owned 823 31.3
    Being purchased 686 26.1
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals