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Tempe
AREA REPORTS

Tempe

Tempe - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2044

house

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 $1,556,500.

The upward trend in home prices in TEMPE, 2044 averaged 10.73% per annum over a 3-year period.

Average weekly rents on listings have reached the $677.5 mark, reflecting a 2.26% increase in returns based on the current median price in TEMPE.

An average of 4.83 real estate transactions take place per month in TEMPE which translates to 58 per annum.

58 properties were sold in TEMPE in 2016, making it the 327th most active market in NSW based on total real estate transactions.

TEMPE, 2044 places 245th 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 $1,556,500 N/A
GROWTH REPORT
Median Quarterly 10.78% N/A
Median 12 month 24.52% N/A
Median 3 years 32.19% N/A
Median 5 years 29.65% N/A
10 years average annual 10.02% N/A
Weekly media advert. rent $677.5 N/A
Time on Market 70.9 days N/A
Gross Rental Yield Percent 2.26% 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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