East Tamworth, 2340 ranked 878th in NSW when comparing growth in median property values or capital gain over the last 12 months. East Tamworth is one of 3163 in our list for NSW
When looking at the potential capital gains offered to property investors over the last 3 years, East Tamworth comes in at number 816th in NSW.
Sellers are offering property buyers an average discount of -6.19% to buyers in East Tamworth at the moment, which is less than average for the rest of NSW.
With the median price for a house in East Tamworth being $427500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.38%
East Tamworth has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.00% to date .
Across a shorter period, East Tamworth, 2340 has seen a median price increase of -2.93% over the last quarter.
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.