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 3.83% growth over a ten-year period. It ranks 1980th 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.
WEST TAMWORTH, 2340 has a capital gain of 7.66% for the past year, which is higher than average compared to its 19.06% growth within a five-year period.
With the median home price in WEST TAMWORTH sitting at $253,000, and the average rent at $300, property owners could potentially earn a 6.17% 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.
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 $201,500.
Profits due to an downward trend in home prices in WEST TAMWORTH, 2340 averaged -0.57% per annum over a 3-year period.
Home owners selling their properties and realtors in WEST TAMWORTH usually have to wait an average of 103.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $260 mark, reflecting a 6.71% increase in returns based on the current median price in WEST TAMWORTH.
WEST TAMWORTH, 2340 places 494th in Australia based on median property value growth during the quarter.