East Tamworth

POSTAL CODE: NSW, 2340

HOUSE

UNIT

Property investors have seen a -0.94% drop in EAST TAMWORTH based on a decrease in median home prices for the past three months.

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 $688,500

Profits averaged 5.33% 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 $550 based on current median home prices for the suburb.

The gross rental yield in EAST TAMWORTH, 2340 is 4.15%.

An average of 12.58 real estate transactions take place per month in EAST TAMWORTH which translates to 151 per annum.

Property investments in EAST TAMWORTH did not fare well against the rest of the country last year, registering a median home price decrease of -11.45%.

Figures from the previous quarter show that capital gains for real estate buyers in EAST TAMWORTH are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains EAST TAMWORTH, 2340 saw average growth in the long term.

This means, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In EAST TAMWORTH, homes and units usually stay on listing for an average of 81.7 days.

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 $336,500

Investors saw the median home price rise to $336,500.

EAST TAMWORTH ranks 14th on the list of best yielding suburbs for rental properties in NSW, posting a 6.03% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$688,500	$336,500
Growth Report
Median Quarterly	-0.94%	0.75%
Median 12 month	5.92%	-11.45%
Median 3 years	16.69%	-3.17%
Median 5 years	53%	26.98%
10 years average annual	6%	6.13%
Weekly media advert. rent	$550	$390
Time on Market	104.7 days	81.7 days
Gross Rental Yield Percent	4.15%	6.03%

Demographics (Median Values)*

Total Population 49072

Weekly Household Income 1224

Household Size 2.50

Average Age 38

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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