Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $247,000, Annual capital growth 1.98%, Number of sales 120, Weekly median advertised rent $300

South Tamworth Unit: Median price $172,500, Annual capital growth 2.69%, Number of sales 21, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$247,000 $172,500
2.92% N/A
2.38% -4.17%
1.98% 2.69%
$300 $230
120 21
6.32% 6.93%
107.53 135.25

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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