Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $245,000, Annual capital growth 1.83%, Number of sales 112, Weekly median advertised rent $300

South Tamworth Unit: Median price $182,500, Annual capital growth 4.06%, Number of sales 18, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.00% for the last 12 months, South Tamworth, 2340 has performed for property investments than its average annual 1.83% property growth over the last 5 years.

While South Tamworth,2340 ranked number 764th in NSW for increase in median house value (annualised) increase, it is ranked 1021th over the last 5 years.

South Tamworth, 2340 is offering NSW ‘s 330th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

On average over the past year, suburb has had 9.33 sales per month, which equates to 112 per year.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

At number 1015th in the list of Australian suburbs ordered by increase in median house value over the last year, South Tamworth, 2340 is in the BOTTOM 50% with a property value increase of 1.39% recorded in median house prices.

Taking the average capital gain, or increase in median house value, South Tamworth,2340 has racked up an average of 1.39% over the period. This ranks it number 726th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in South Tamworth is giving property investors an average Vendor Discount of around -4.97%. This puts suburb at number 153th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in South Tamworth the average time real estate has been on the market is 109 days.

Using the current median advertised rental of $230 and the average annual increase in value of a median property of 4.06%, investors should hope to achieve an overall return of 6.55%

HOUSE UNIT
$245,000 $182,500
0.41% 5.80%
0.00% 1.39%
1.83% 4.06%
$300 $230
112 18
6.37% 6.55%
92.54 109

Source: CoreLogic

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