First Home Buyers Required To Save For Longer As Prices Soar
Strong buyer interest, spurred on by record-low interest rates as well as below average wage growth, means it is now pre...
Based on its average 5-year and quarterly capital gains TYALGUM, 2484 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 TYALGUM, 2484 obtained a 6.02% growth over a ten-year period. It ranks 1186th on our list of suburbs that property investors should look into.
TYALGUM, 2484 in NSW belongs to the local government area of Tweed (A).
Figures from the previous quarter show that capital gains for real estate buyers in TYALGUM are low, as opposed to average gains per annum over the past five years.
There’s more than meets the eye for the sleepy town of Tyalgum in NSW. Having registered an eyebrow-raising annual real estate price growth, Tyalgum may soon find itself on the radar of property investors who place value on sustainable living, a serene and creative atmosphere, and a sense of community. The town has plans to go off the grid and become the first town in Australia to be fully reliant on renewable energy. Tyalgum is also known among out-of-towners for its vibrant arts and music scene, drawing travellers from all over the country for its music festivals, visual art exhibitions and wellness events.
The former timber town nestles on a robust patch of land surrounded by rolling hills and the picturesque Mt Warning as its backdrop. Its historic main street is lined with quaint vintage cafes, hotels, pubs and art galleries that have been beautifully restored and are reminiscent of the saloons of the American midwest. Other neighbouring points of interest include the Pinnacle, the Wollumbin State Forest Park, the Clarrie Hall Dam, and the Limpinwood Nature Reserve.
Real estate price overview
The median price of a property for sale in Tyalgum sits at an estimated $500,000, with an average selling duration of 100 days. The median quarterly home selling price is also in the black, and the same is true for the 10-year average annual price for residential properties. Rental properties in Tyalgum are not much in demand, with prices ranging between $250 and $540 per week.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||N/A|
|Median 3 years||18.75%||N/A|
|Median 5 years||62.16%||N/A|
|10 years average annual||6.02%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|