South Tamworth is a mid-sized suburb in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 6,621, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in South Tamworth is $595,000, having surged 22.7% over the past year. Units have a median price of $306,000 (-17.2% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,170.
South Tamworth is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 895, which is well below the national average of 1,000. Public transport access includes 1 rail station, 115 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, South Tamworth offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($595K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.1x is considered stretched. House prices have moved +22.7% year-on-year.
South Tamworth is a mid-sized suburb in New South Wales within the Tamworth Regional local government area (postcode 2340). With a population of 6,621, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in South Tamworth is $595,000, having surged 22.7% over the past year. Units have a median price of $306,000 (-17.2% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,170.
South Tamworth is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 895, which is well below the national average of 1,000. Public transport access includes 1 rail station, 115 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, South Tamworth offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($595K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.1x is considered stretched. House prices have moved +22.7% year-on-year.