Tambar Springs (postcode 2381) is a small, quiet locality in New South Wales within the Gunnedah local government area. It is home to about 273 residents, with a mature demographic and a median age of 50. Households earn a median income of $53K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. 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 managers, professionals, machinery operators & drivers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
Tambar Springs has a median house price of $180,000, which has declined steeply by 33.3% year-on-year. The current median weekly rent is $400. This gives a gross rental yield of approximately 11.6%. The median monthly mortgage repayment is $80.
Public transport access includes 22 bus stops. The crime rate in the Gunnedah LGA is moderate at 6,777 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 11.6% (high yield). Property prices sit below the state median ($180K/$1.5M), which can point to relative value. The price-to-income ratio of 3.4x is considered affordable. House prices have moved -33.3% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.