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1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
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East TamworthEast Tamworth - SUBURB PROFILE REPORT
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Property investors have seen a 11.23% gain in EAST TAMWORTH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on EAST TAMWORTH, 2340 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 15.56%.
Based on its average 5-year and quarterly capital gains EAST TAMWORTH, 2340 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $520,000
Profits averaged 5.62% per annum over a 3-year period, due to an upward trend in home prices in EAST TAMWORTH, 2340.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in EAST TAMWORTH, 2340 is 4%.
An average of 15.5 real estate transactions take place per month in EAST TAMWORTH which translates to 186 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $520,000 | $231,000 |
| GROWTH REPORT | ||
| Median Quarterly | 11.23% | -3.75% |
| Median 12 month | 15.56% | -12.83% |
| Median 3 years | 16.85% | -3.75% |
| Median 5 years | 26.83% | -7.23% |
| 10 years average annual | 5.26% | 3.22% |
| Weekly media advert. rent | $400 | $300 |
| Time on Market | 73.5 days | 82.4 days |
| Gross Rental Yield Percent | 4% | 6.75% |
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