East Tamworth has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.08% to date .
The five-year average increase in median property values for East Tamworth,2340 has given property investors a potential capital gain of 29.66% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that East Tamworth is offering property investors an average of -5.32. This rate of discount on properties puts Suburb at number 300th in terms of most discounted suburbs in NSW
In the last year 120 properties changed hands in East Tamworth, which puts it as the 199th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of East Tamworth, 2340 is in the Tamworth Regional local government area.
NSW has seen average median house prices change by 7.26% which means that East Tamworth, 2340 has done well for property investors by showing a capital gain of 30.00% over the last year
Taking the average capital gain, or increase in median house value, East Tamworth,2340 has racked up an average of 30.00% over the period. This ranks it number 25th in the whole country for real estate investors looking at median house price increases.
East Tamworth is 117th on a list of best yielding suburbs for rents in NSW with a 4.70% 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