Property value increases in South Tamworth have tracked just lower than the NSW average of 7.47% over the last 12 months.
A 15.96% growth in median value for property investors in South Tamworth,2340 puts this suburb at number 545th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that South Tamworth is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 202th in terms of most discounted suburbs in NSW
With the median price for a house in South Tamworth being $247000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 6.32%
Property value increases in South Tamworth have tracked lower than the NSW average of 5.88% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Tamworth has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in South Tamworth are currently offering property investors an average price cut of -5.95% below the asking price at the moment.
Often selling an investment property can take time, and in South Tamworth the average time real estate has been on the market is 135.25 days.
Situated 307.29km from the CBD, South Tamworth is one of Tamworth Regional localities in the postcode 2340.