Located in New South Wales within the Tamworth Regional local government area, West Tamworth is a mid-sized suburb (postcode 2340). With a population of 5,471, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $55K per year, with an average household size of 2.3 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 labourers, community & personal service, professionals. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in West Tamworth stand at $454,000, having risen solidly by 5.7% over the last twelve months. Units have a median price of $353,000 (+6.2% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,300.
West Tamworth is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 914, which is below the national average of 1,000. Public transport access includes 115 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.5% (high yield). Property prices sit below the state median ($454K/$1.5M), which can point to relative value. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +5.7% year-on-year.