NSW has seen average median house prices change by 5.53% which means that East Tamworth, 2340 has done well for property investors by showing a capital gain of 4.76% over the last year
Taking the average capital gain, or increase in median house value, East Tamworth,2340 has racked up an average of 4.76% over the period. This ranks it number 1589th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.88% offered to property buyers. Sellers in East Tamworth itself are offering an average vendor discount of -5.95% to real estate investors.
Often selling an investment property can take time, and in East Tamworth the average time real estate has been on the market is 106.69 days.
East Tamworth, 2340’s gross rental yield is 4.08%
East Tamworth has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -23.00% to date .
Taking the average capital gain, or increase in median house value, East Tamworth,2340 has racked up an average of -23.00% over the period. This ranks it number 1107th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $275 mark per week – giving a return of 7.43% based on the median price in Suburb
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