Property value increases in East Tamworth have tracked just higher than the NSW average of 3.09% over the last 12 months.
Across a shorter period, East Tamworth, 2340 has seen a median price increase of 0.68% over the last quarter.
Our latest figures would indicate that property sellers in East Tamworth are currently offering property investors an average price cut of -6.24% below the asking price at the moment.
Situated 302.74km from the CBD, East Tamworth is one of Tamworth Regional localities in the postcode 2340.
Property value increases in East Tamworth have tracked lower than the NSW average of 1.50% over the last 12 months.
A 9.38% growth in median value for property investors in East Tamworth,2340 puts this suburb at number 17th in terms of best performing suburbs in NSW
East Tamworth2340 is located in NSW which offers an average discount of -5.33% to property investors. East Tamworth itself is showing figures that indicate -8.32% is the average achievable by property buyers investing in the suburb.
East Tamworth is 12th on a list of best yielding suburbs for rents in NSW with a 6.60% return
Over the past 12 months, East Tamworth has seen considerable growth and tighter vacancies due to falling unit stock.Full summary
Information supplied by:
Supply falls in historical suburb
Median unit price: $233,500
Stock on market: -1.50%
12-month growth: 13.90%
A few hours east of Port Macquarie, the suburb of East Tamworth is an affordable hub that is near the CBD. In the past 12 months, it has seen considerable growth and tighter vacancies due to falling unit stock.
The number of apartments in the market dropped from 17 in April 2016 to just five the following year while house supply increased, according to Real Estate Investar. This reduction in stock on market is partly responsible for driving growth of nearly 14% within the unit market.
Even with the price hike, the median price is well below $250,000, making it quite a bargain. The presence of Tamworth Public School makes East Tamworth a good option for families, especially with the Tamworth CBD being just 5 minutes away. Close