With a capital gain of 6.33% for the last 12 months, East Tamworth, 2340 has performed for property investments than its average annual 3.98% property growth over the last 5 years.
East Tamworth,2340 was ranked 2680 in Australia by increase in median property value over the quarter.
East Tamworth2340 is located in NSW which offers an average discount of -5.24% to property investors. East Tamworth itself is showing figures that indicate -5.91% is the average achievable by property buyers investing in the suburb.
In the last year 122 properties changed hands in East Tamworth, which puts it as the 201th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $350 mark per week – giving a return of 4.33% based on the median price in Suburb
If we look at median property appreciation over just the last three months, East Tamworth has given property investors a paper return of 31.43%. This puts Suburb as 1 on a list of fastest fasting appreciating suburbs in NSW
With the median price for a house in East Tamworth being $345000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 4.14%
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