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West Tamworth
AREA REPORTS

West Tamworth

West Tamworth - SUBURB PROFILE REPORT
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 2.8% growth over a ten-year period. It ranks 3126th on our list of suburbs that property investors should look into.

WEST TAMWORTH, 2340 in NSW belongs to the local government area of Tamworth Regional (A).

WEST TAMWORTH, 2340 has a capital gain of 8.7% for the past year, which is higher than average compared to its 12.24% growth within a five-year period.

With the median home price in WEST TAMWORTH sitting at $275,000, and the average rent at $310, property owners could potentially earn a 5.86% increase in gross rental yield.

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

Data report can be found below

West Tamworth
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $275,000 $244,000
GROWTH REPORT
Median Quarterly 13.4% 4.27%
Median 12 month 8.7% N/A
Median 3 years 7.84% N/A
Median 5 years 12.24% 15.64%
10 years average annual 2.8% -2.86%
Weekly media advert. rent $310 $257.5
Time on Market 101.0 days 0.0 days
Gross Rental Yield Percent 5.86% 5.49%
demographics (median values)*
Total Population
49072
Weekly Household Income
1224
Household Size
2.50
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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