Tempe is a smaller suburb in New South Wales within the Inner West local government area (postcode 2044). With a population of 3,550, the suburb has an established demographic with a median age of 39. Households earn a median income of $128K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Tempe is $1.5 million, having dropped significantly 13% over the past year. Units have a median price of $400,000 (-76.4% YoY). The current median weekly rent is $950. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $3,000.
Tempe is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1096, which is above the national average of 1,000. Public transport access includes 1 rail station, 9 bus stops. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Tempe offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -13.0% year-on-year.
Tempe is a smaller suburb in New South Wales within the Inner West local government area (postcode 2044). With a population of 3,550, the suburb has an established demographic with a median age of 39. Households earn a median income of $128K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Tempe is $1.5 million, having dropped significantly 13% over the past year. Units have a median price of $400,000 (-76.4% YoY). The current median weekly rent is $950. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $3,000.
Tempe is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1096, which is above the national average of 1,000. Public transport access includes 1 rail station, 9 bus stops. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Tempe offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -13.0% year-on-year.