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.
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