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 increase in value by 0.41%
If we look at median property appreciation over just the last three months, South Tamworth has given property investors a paper return of 0.00%. This puts Suburb as 1089 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -7.31% to buyers in South Tamworth at the moment, which is less than average for the rest of NSW.
South Tamworth, 2340’s gross rental yield is 6.37%
At number 456th in the list of Australian suburbs ordered by increase in median house value over the last year, South Tamworth, 2340 is in the top 30% with a property value increase of 10.14% recorded in median house prices.
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.
LACK OF BUYER INTEREST may well be the reason that South Tamworth is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in NSW
With the median price for a house in South Tamworth being $190000 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 6.16%