Suburb Profile Report for East Tamworth NSW (2340)

East Tamworth House: Median price $425,000, Annual capital growth 4.39%, Number of sales 96, Weekly median advertised rent $360

East Tamworth Unit: Median price $245,000, Annual capital growth 3.39%, Number of sales 26, Weekly median advertised rent $270

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

At number 2536th 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 -4.49% recorded in median house prices.

A 18.22% growth in median value for property investors in East Tamworth,2340 puts this suburb at number 869th in terms of best performing suburbs in NSW

Our latest figures would indicate that property sellers in East Tamworth are currently offering property investors an average price cut of -5.42% below the asking price at the moment.

On average over the past year, suburb has had 8.00 sales per month, which equates to 96 per year.

East Tamworth, 2340’s gross rental yield is 4.40%

Investment property in East Tamworth has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.11%

Over the longer term, East Tamworth has seen property prices show investors a 15.54% return over the last 3 years. This is worse than over the last 12 months

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.83% offered to property buyers. Sellers in East Tamworth itself are offering an average vendor discount of -5.81% to real estate investors.

On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.

Advertised rents are around the $270 mark per week – giving a return of 5.73% based on the median price in Suburb

Information supplied by:


July 2017

M
O

W
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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.   

Metrics i HOUSE UNIT
$425,000 $245,000
-2.30% -2.00%
-4.49% 10.11%
4.39% 3.39%
$360 $270
96 26
4.40% 5.73%
93.5471698113208 106.909090909091

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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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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