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Tempe
AREA REPORTS

Tempe

Tempe - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2044

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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,335,000.

The upward trend in home prices in TEMPE, 2044 averaged 4.38% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.53% increase in returns based on the current median price in TEMPE.

An average of 5.25 real estate transactions take place per month in TEMPE which translates to 63 per annum.

63 properties were sold in TEMPE in 2016, making it the 258th most active market in NSW based on total real estate transactions.

TEMPE, 2044 places 671st in Australia based on median property value growth during the quarter.

Data report can be found below

Tempe
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,335,000 N/A
GROWTH REPORT
Median Quarterly 5.53% N/A
Median 12 month 6.8% N/A
Median 3 years 13.14% N/A
Median 5 years 28.67% N/A
10 years average annual 7.23% N/A
Weekly media advert. rent $650 N/A
Time on Market 59.0 days N/A
Gross Rental Yield Percent 2.53% N/A
demographics (median values)*
Total Population
7846
Weekly Household Income
2092
Household Size
2.60
Age
35
Monthly Loan Repayment
2600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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