Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $245,000, Annual capital growth 2.08%, Number of sales 126, Weekly median advertised rent $300

South Tamworth Unit: Median price $192,500, Annual capital growth 4.63%, Number of sales 21, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

South Tamworth is in the bottom 20% in NSW when comparing median price capital growth over the last year. South Tamworth gave property investors a dismal capital gain figure when compared to the rest of the state, with 1.03%.

South Tamworth,2340 was ranked 3175 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in South Tamworth are currently offering property investors an average price cut of -7.16% below the asking price at the moment.

On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.

With the median price for a house in South Tamworth being $245000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 6.37%

South Tamworth has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.59% to date .

If we look at median property appreciation over just the last three months, South Tamworth has given property investors a paper return of 11.59%. This puts Suburb as 33 on a list of fastest fasting appreciating suburbs in NSW

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.23% offered to property buyers. Sellers in South Tamworth itself are offering an average vendor discount of -6.01% to real estate investors.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

Advertised rents are around the $230 mark per week – giving a return of 6.21% based on the median price in Suburb

Metrics i HOUSE UNIT
$245,000 $192,500
-0.91% 11.59%
1.03% 11.59%
2.08% 4.63%
$300 $230
126 21
6.37% 6.21%
113.6 153.68

Source: CoreLogic

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