Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $245,000, Annual capital growth 1.89%, Number of sales 119, Weekly median advertised rent $300

South Tamworth Unit: Median price $172,500, Annual capital growth 3.64%, 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

Investment property in South 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 0.00%

The five-year average increase in median property values for South Tamworth,2340 has given property investors a potential capital gain of 13.95% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Tamworth, 2340. Typically our figures indicate that -7.55% is being offered, which puts this NSW suburb at 994th most discounted overall in Australia.

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

Property investors who have had real estate in South Tamworth, 2340 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.17%

Vendor discounting in South Tamworth is giving property investors an average Vendor Discount of around -5.57%. This puts suburb at number 101th in NSW when ranking the most discounted suburbs.

In the last year 19 properties changed hands in South Tamworth, which puts it as the 455th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in South Tamworth being $172500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 6.93%

Metrics i HOUSE UNIT
$245,000 $172,500
2.36% N/A
0.00% -4.17%
1.89% 3.64%
$300 $230
119 19
6.37% 6.93%
109.04 129.82

Source: CoreLogic

DSR Score for property investment : Above average (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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