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