Suburb Profile Report for East Tamworth NSW (2340)

East Tamworth House: Median price $420,000, Annual capital growth 3.29%, Number of sales 120, Weekly median advertised rent $350

East Tamworth Unit: Median price $302,500, Annual capital growth 4.60%, Number of sales 21, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 2604th in the list of Australian suburbs ordered by increase in median house value over the last year, East Tamworth, 2340 is in the BOTTOM 40% with a property value increase of 3.70% recorded in median house prices.

The five-year average increase in median property values for East Tamworth,2340 has given property investors a potential capital gain of 30.43% across each of those five years.

East Tamworth, 2340 is offering NSW ‘s 345th 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.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Giving property investors a a solid capital gain of 31.52% for the last year, East Tamworth, 2340 is the 36th highest performer in Australia in this respect.

The five-year average increase in median property values for East Tamworth,2340 has given property investors a potential capital gain of 60.90% across each of those five years.

Renters in Suburb are facing rents around $3360 per annum or $280 every week.

Information supplied by:


July 2017

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Over the past 12 months, East Tamworth has seen considerable growth and tighter vacancies due to falling unit stock.Full summary

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
Metrics i HOUSE UNIT
$420,000 $302,500
-2.89% 11.21%
3.70% 31.52%
3.29% 4.60%
$350 $280
120 21
4.33% 4.81%
102.63 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in East Tamworth NSW
Demographics
Total population 5212
Median household income ($/weekly) 1161
Median age of persons 41
Median housing loan repayment ($/monthly) 1408
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 611 11.7
    25-34 years 548 10.5
    35-44 years 690 13.2
    45-54 years 706 13.5
    55-64 years 691 13.3
    Others 1966 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 1898 50.5
    Not Married 1518 40.4
    Defacto Relationship 344 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4509 92.8
    Papua New Guinea 39 0.8
    United Kingdom 99 2.0
    United States of America 20 0.4
    Other 42 0.9
    Others 150 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.6
    Christianity 4039 84.9
    Hinduism 19 0.4
    Other Religious Groups 17 0.4
    No Religion 643 13.5
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 229 12.3
    $600-$799 197 10.6
    $800-$999 173 9.3
    $1,250-$1,499 181 9.7
    $1,500-$1,999 219 11.8
    Others 864 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1577 39.4
    Not in the labour force 1406 35.1
    Employed, worked part-time 751 18.8
    Employed, away from work 167 4.2
    Unemployed, looking for work 102 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 338 13.5
    Professionals 696 27.9
    Technicians & trades workers 301 12.1
    Clerical & administrative workers 335 13.4
    Sales 240 9.6
    Others 587 23.5
    Occupation
    Census Count Percent(%)
    Pre-school 111 9.4
    Infants/Primary 373 31.5
    Secondary 366 30.9
    Technical or Further Educational Institution 156 13.2
    University or other Tertiary Institutions 153 12.9
    Others 24 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4140 88.0
    Flat, unit or apartment 421 8.9
    Semi-detached, row or terrace house, townhouse 130 2.8
    Caravan, cabin, houseboat 10 0.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 807 40.0
    Rented 629 31.1
    Being purchased 571 28.3
    Other tenure type 13 0.6
    Tenure Type
Census 2011, ABS
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