Falling loan deferrals prove market recovery: REIA
The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 3.79% growth over a ten-year period. It ranks 2019th on our list of suburbs that property investors should look into.
NORTH TAMWORTH, 2340 has a capital gain of -10.12% for the past year, which is lower than average compared to its 2.65% growth within a five-year period.
With the median home price in NORTH TAMWORTH sitting at $368,500, and the average rent at $380, property owners could potentially earn a 5.36% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH TAMWORTH are low, as opposed to average gains per annum over the past five years.
NORTH TAMWORTH, 2340 in NSW belongs to the local government area of Tamworth Regional (A).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $368,500 | $282,500 |
| GROWTH REPORT | ||
| Median Quarterly | -0.41% | -8.43% |
| Median 12 month | -10.12% | -19.05% |
| Median 3 years | -3.28% | -3.25% |
| Median 5 years | 2.65% | 8.65% |
| 10 years average annual | 3.79% | 4.2% |
| Weekly media advert. rent | $380 | $285 |
| Time on Market | 106.8 days | 0.0 days |
| Gross Rental Yield Percent | 5.36% | 5.25% |
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