Property investors have seen a 1.11% gain in EAST TAMWORTH based on an increase 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 $682,500
Profits averaged 5% 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 $527.5 based on current median home prices for the suburb.
The gross rental yield in EAST TAMWORTH, 2340 is 4.02%.
An average of 12.83 real estate transactions take place per month in EAST TAMWORTH which translates to 154 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 -8.99%.
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 $400 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 97.7 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 $339,000
Investors saw the median home price rise to $339,000.
EAST TAMWORTH ranks 14th on the list of best yielding suburbs for rental properties in NSW, posting a 6.14% return.