Advantages of a buyer’s agent in a challenging market
As the property market continues to show strong growth due to undersupply, low credit and a strong case of FOMO, it is becoming tougher for ...
Property investors have seen a -2.3% 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 $425,000
Profits averaged 2.17% 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 $360 based on current median home prices for the suburb.
The gross rental yield in EAST TAMWORTH, 2340 is 4.4%.
An average of 8 real estate transactions take place per month in EAST TAMWORTH which translates to 96 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $425,000 | $245,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.3% | -2% |
| Median 12 month | -4.49% | 10.11% |
| Median 3 years | 6.52% | 15.54% |
| Median 5 years | 18.22% | 19.51% |
| 10 years average annual | 4.39% | 3.39% |
| Weekly media advert. rent | $360 | $270 |
| Time on Market | 93.5 days | 106.9 days |
| Gross Rental Yield Percent | 4.4% | 5.73% |
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