Giving property investors a an unimpressive capital gain of 1.19% for the last year, East Tamworth, 2340 is the 2882th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, East Tamworth,2340 has racked up an average of 1.19% over the period. This ranks it number 1970th in the whole country for real estate investors looking at median house price increases.
East Tamworth, 2340 is offering NSW ‘s 322th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.08%, investors should hope to achieve an overall return of 4.16%
Over the last year, property investments in East Tamworth, 2340 have given investors a capital gain of -21.84%. This compares very badly with the 5.36% for NSW as a whole.
Over the longer term, East Tamworth has seen property prices show investors a 8.33% return over the last 3 years. This is worse than over the last 12 months
A $270 per week rent on the median house gives suburb investors a gross yield of circa 7.20%, without taking into account capital value appreciation, which has been averaging out at 0.39%.
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