West Tamworth

POSTAL CODE: NSW, 2340

HOUSE

UNIT

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

A survey of average capital gains or median home price increase in suburbs across the country shows that WEST TAMWORTH, 2340 obtained a 7.34% growth over a ten-year period. It ranks 1704th on our list of suburbs that property investors should look into.

WEST TAMWORTH, 2340 in NSW belongs to the local government area of Tamworth.

WEST TAMWORTH, 2340 has a capital gain of 21.33% for the past year, which is higher than average compared to its 85.71% growth within a five-year period.

With the median home price in WEST TAMWORTH sitting at $455,000, and the average rent at $420, property owners could potentially earn a 4.8% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in WEST TAMWORTH, 2340 translates to a 6.97% capital gain.

WEST TAMWORTH, 2340 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 $353,000.

Profits due to an upward trend in home prices in WEST TAMWORTH, 2340 averaged 2.32% per annum over a 3-year period.

Home owners selling their properties and realtors in WEST TAMWORTH usually have to wait an average of 66.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $330 mark, reflecting a 4.86% increase in returns based on the current median price in WEST TAMWORTH.

WEST TAMWORTH, 2340 places th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$455,000	$353,000
Growth Report
Median Quarterly	7.69%	0%
Median 12 month	21.33%	0%
Median 3 years	41.3%	6.97%
Median 5 years	85.71%	56.89%
10 years average annual	7.34%	23.33%
Weekly media advert. rent	$420	$330
Time on Market	58.3 days	66.8 days
Gross Rental Yield Percent	4.8%	4.86%

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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