Investment property in South Tamworth has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
The five-year average increase in median property values for South Tamworth,2340 has given property investors a potential capital gain of 13.95% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Tamworth, 2340. Typically our figures indicate that -7.55% is being offered, which puts this NSW suburb at 994th most discounted overall in Australia.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
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 decrease in value by -4.17%
Vendor discounting in South Tamworth is giving property investors an average Vendor Discount of around -5.57%. This puts suburb at number 101th in NSW when ranking the most discounted suburbs.
In the last year 19 properties changed hands in South Tamworth, which puts it as the 455th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in South Tamworth being $172500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 6.93%