Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $257,500, Annual capital growth 2.14%, Number of sales 93, Weekly median advertised rent $310

South Tamworth Unit: Median price $172,000, Annual capital growth 1.41%, Number of sales 13, Weekly median advertised rent $220

  • 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.

  • House Report
  • Unit Report

Over the last year, property investments in South Tamworth, 2340 have given investors a capital gain of -2.65%. This compares favourably with the -4.21% for NSW as a whole.

The five-year average increase in median property values for South Tamworth,2340 has given property investors a potential capital gain of 14.44% across each of those five years.

Sellers are offering property buyers an average discount of -8.41% to buyers in South Tamworth at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $310 mark per week – giving a return of 6.26% based on the median price in Suburb

At number 1115th in the list of Australian suburbs ordered by increase in median house value over the last year, South Tamworth, 2340 is in the BOTTOM 30% with a property value increase of -8.02% recorded in median house prices.

While South Tamworth,2340 ranked number 373th in NSW for increase in median house value (annualised) increase, it is ranked 444th over the last 5 years.

Property buyers and investors in South Tamworth 2340 should be seeing an average reduction in asking price of around -8.63% . This means that South Tamworth is holding prices well when compared to other suburbs in NSW.

In the last year 13 properties changed hands in South Tamworth, which puts it as the 473th most active market in NSW when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$257,500 $172,000
-0.96% -3.37%
-2.65% -8.02%
2.14% 1.41%
$310 $220
93 13
6.26% 6.65%
106.217391304348 151.076923076923

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 6692
Median household income ($/weekly) 749
Median age of persons 39
Median housing loan repayment ($/monthly) 1244
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 829 12.4
    25-34 years 833 12.4
    35-44 years 744 11.1
    45-54 years 862 12.9
    55-64 years 734 11.0
    Others 2691 40.2
    Age Group
    Census Count Percent(%)
    Not Married 2448 51.0
    Registered Married 1824 38.0
    Defacto Relationship 525 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 5840 95.5
    Papua New Guinea 44 0.7
    Philippines 42 0.7
    United Kingdom 82 1.3
    Other 24 0.4
    Others 84 1.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 0.4
    Christianity 5167 86.0
    Hinduism 5 0.1
    Other Religious Groups 29 0.5
    No Religion 774 12.9
    Others 9 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 354 14.1
    $400-$599 416 16.6
    $600-$799 377 15.0
    $800-$999 273 10.9
    $1,000-$1,249 250 9.9
    Others 843 33.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2150 43.2
    Employed, worked full-time 1608 32.3
    Employed, worked part-time 829 16.6
    Unemployed, looking for work 230 4.6
    Employed, away from work 162 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 280 10.8
    Technicians & trades workers 447 17.2
    Clerical & administrative workers 331 12.7
    Sales 301 11.6
    Labourers 555 21.3
    Others 687 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 117 9.3
    Infants/Primary 490 38.9
    Secondary 351 27.9
    Technical or Further Educational Institution 186 14.8
    University or other Tertiary Institutions 89 7.1
    Others 27 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5232 85.1
    Flat, unit or apartment 633 10.3
    Semi-detached, row or terrace house, townhouse 277 4.5
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1108 42.1
    Fully owned 823 31.3
    Being purchased 686 26.1
    Other tenure type 15 0.6
    Tenure Type
Census 2011, ABS
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