At number 3443th in the list of Australian suburbs ordered by increase in median house value over the last year, Tempe, 2044 is in the BOTTOM 20% with a property value increase of -8.69% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Tempe comes in at number 1253th in NSW.
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Tempe is located 9km southwest of the Sydney CBD, where the Cooks River and Alexandra Canal join. It is at the junction of a few train lines, with the CBD, the Sutherland Shire and the outer west all easily accessible by rail. Botany Bay is within easy reach, as is Sydney airport. The amenities of Newtown are also a short bus or train ride away.
Tempe attracts an affluent demographic, with an average weekly income that's significantly higher than the NSW average. It’s a small, tightly-held suburb, and properties are in demand with very little vendor discounting.
Tempe is cheaper than nearby suburbs like Marrickville ($740,000) or Brighton-Le-Sands, so there may still be scope for growth fuelled by buyers priced out of those suburbs. Ongoing gentrification of this part of Sydney should also ensure long-term growth. Investors can pick up 'renovator’s delight’ properties for quick equity boost.