Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $241,500, Annual capital growth 1.64%, Number of sales 136, Weekly median advertised rent $300

South Tamworth Unit: Median price $170,000, Annual capital growth 2.09%, Number of sales 16, Weekly median advertised rent $225

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

Source: CoreLogic

  • House Report
  • Unit Report

South Tamworth, 2340 ranked 1253th in NSW when comparing growth in median property values or capital gain over the last 12 months. South Tamworth is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, South Tamworth,2340 has racked up an average of -1.43% over the period. This ranks it number 2882th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in South Tamworth should be aiming for at least -7.30% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in South Tamworth being $241500 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 6.46%

At number 1243th in the list of Australian suburbs ordered by increase in median house value over the last year, South Tamworth, 2340 is in the BOTTOM 30% with a property value increase of -1.45% 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 -1.45% over the period. This ranks it number 1148th in the whole country for real estate investors looking at median house price increases.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in South Tamworth itself are offering an average vendor discount of -6.90% to real estate investors.

Property investors should expect to get $225 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$241,500 $170,000
-1.43% -11.69%
-1.43% -1.45%
1.64% 2.09%
$300 $225
136 16
6.46% 6.88%
111.58 157.78

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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