Suburb Profile Report for South Tamworth NSW (2340)

South Tamworth House: Median price $260,000, Annual capital growth 2.26%, Number of sales 126, Weekly median advertised rent $310

South Tamworth Unit: Median price $185,000, Annual capital growth 3.62%, Number of sales 17, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

South Tamworth has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.12% to date .

Taking the average capital gain, or increase in median house value, South Tamworth,2340 has racked up an average of 6.12% over the period. This ranks it number 2892th in the whole country for real estate investors looking at median house price increases.

At number 285th of NSW’s most discounted properties, South Tamworth is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $310 and the average annual increase in value of a median property of 2.26%, investors should hope to achieve an overall return of 6.20%

Investment property in South Tamworth has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.63%

South Tamworth,2340 has offered an average of -2.63% return per annum in house price rises to property investors over the last three years.

The most recent median price for South Tamworth is $185000, with sellers offering an average of -5.39% off the asking price.

With the median price for a house in South Tamworth being $185000 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 6.18%

Metrics i HOUSE UNIT
$260,000 $185,000
4.00% -1.07%
6.12% -2.63%
2.26% 3.62%
$310 $220
126 17
6.20% 6.18%
114.17 139.83

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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