Slightly ‘disappointing’ auction results, but Sydney house prices swell
The latest auction figures are showing a booming market, with buyers looking to make the most of the ultra-cheap money, but while their inte...
Property investors enjoyed capital gains of 6.22% over the last 12 months in NORTH TAMWORTH, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 4.02% growth over a ten-year period. It ranks 2005th on our list of suburbs that property investors should look into.
NORTH TAMWORTH, 2340 has a capital gain of 6.22% for the past year, which is higher than average compared to its 13.89% growth within a five-year period.
With the median home price in NORTH TAMWORTH sitting at $410,000, and the average rent at $380, property owners could potentially earn a 4.82% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH TAMWORTH are high, 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 | $410,000 | $280,000 |
| GROWTH REPORT | ||
| Median Quarterly | 11.26% | -0.88% |
| Median 12 month | 6.22% | -18.13% |
| Median 3 years | 2.5% | -4.68% |
| Median 5 years | 13.89% | 1.82% |
| 10 years average annual | 4.02% | 4.47% |
| Weekly media advert. rent | $380 | $290 |
| Time on Market | 114.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.82% | 5.39% |
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