North Tamworth is a mid-sized suburb in New South Wales within the Tamworth Regional local government area (postcode 2340). The area has roughly 6,273 residents and a settled mid-life population, with a median age of 38. Households earn a median income of $76K per year, with an average household size of 2.2 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Median house prices in North Tamworth stand at $805,000, having climbed sharply by 31.4% over the last twelve months. Units have a median price of $475,000 (+32.5% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,625.
North Tamworth is served by 1 school, including 1 secondary. The average ICSEA score is 936, which is below the national average of 1,000. Public transport access includes 92 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices sit below the state median ($805K/$1.5M), which can point to relative value. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +31.4% year-on-year.