Tamworth (postcode 2340) is a small, quiet locality in New South Wales within the Tamworth Regional local government area. The area has roughly 189 residents and a mature demographic, with a median age of 49. Households earn a median income of $36K per year, with an average household size of 1.7 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 community & personal service, sales, technicians & trades. Employment in the area leans toward accommodation & food and manufacturing. The top ancestries reported are English, Australian, Scottish.
Tamworth has a median house price of $450,000, which has fallen sharply by 18.2% year-on-year. Units have a median price of $343,000 (-2.1% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,950.
Tamworth is served by 9 schools, including 6 primary, 1 secondary, 2 combined. The average ICSEA score is 927, which is below the national average of 1,000. Public transport access includes 1 rail station, 18 bus stops. 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 5.5%, which reads as high yield. Property prices sit below the state median ($450K/$1.5M), which can point to relative value. The price-to-income ratio of 12.4x is considered stretched. House prices have moved -18.2% year-on-year.