Tamworth Regional CouncilEconomic profile
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Tamworth Regional Council

Rental listings

At June 2018, Tamworth Region had a median house rental of $340, $125 lower than the median house rental for New South Wales.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Automated Valuation System

Rental listings
Tamworth Regional Council20182014Change
Housing value (at June)Tamworth Regional CouncilNew South WalesTamworth Regional Council relative to New South WalesTamworth Regional CouncilNew South WalesTamworth Regional Council relative to New South Wales2014 to 2018
House--------------
First Quartile$300$370-18.9%$290$330-12.1%+$10
Median$340$465-26.9%$330$410-19.5%+$10
Third Quartile$391$620-36.9%$380$560-32.1%+$11
Median Rental Yield5.6%3.5%--5.9%4.4%----
Unit--------------
First Quartile$209$390-46.4%$200$330-39.4%+$9
Median$250$490-49.0%$240$425-43.5%+$10
Third Quartile$290$620-53.2%$283$550-48.5%+$7
Median Rental Yield5.9%4.0%--6.3%4.6%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, New South Wales: $620 Median, New South Wales: $490 First Quartile, New South Wales: $390 Third Quartile, New South Wales: $620 Median, New South Wales: $465 First Quartile, New South Wales: $370 Third Quartile, Tamworth Regional Council: $290 Median, Tamworth Regional Council: $250 First Quartile, Tamworth Regional Council: $209 Third Quartile, Tamworth Regional Council: $391 Median, Tamworth Regional Council: $340 First Quartile, Tamworth Regional Council: $300
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, New South Wales: $70 Median, New South Wales: $65 First Quartile, New South Wales: $60 Third Quartile, New South Wales: $60 Median, New South Wales: $55 First Quartile, New South Wales: $40 Third Quartile, Tamworth Regional Council: $7 Median, Tamworth Regional Council: $10 First Quartile, Tamworth Regional Council: $9 Third Quartile, Tamworth Regional Council: $11 Median, Tamworth Regional Council: $10 First Quartile, Tamworth Regional Council: $10
Source: Hometrack 2014-2018, Automated Valuation System

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