Longarm is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2347). With a population of 23, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $38K per year, with an average household size of 3 people. The top ancestries reported are English, Australian, German.
The median house price in Longarm is $760,000, having dropped significantly 84.2% over the past year. The current median weekly rent is $190. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,300.
The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Longarm offers a gross rental yield of 1.3%, rated as low yield. Property prices sit below the state median ($760K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 20.2x is considered stretched. House prices have moved -84.2% year-on-year.
Longarm is a quiet locality in New South Wales within the Tamworth Regional local government area (postcode 2347). With a population of 23, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $38K per year, with an average household size of 3 people. The top ancestries reported are English, Australian, German.
The median house price in Longarm is $760,000, having dropped significantly 84.2% over the past year. The current median weekly rent is $190. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,300.
The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Longarm offers a gross rental yield of 1.3%, rated as low yield. Property prices sit below the state median ($760K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 20.2x is considered stretched. House prices have moved -84.2% year-on-year.