Tamworth Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2025, Tamworth* recorded a median house price of $540,000 and a median unit price of $380,000. This is an annual (Q1 2024 – Q1 2025) stable growth for houses and 15.6% for units. Comparing Q1 2024 and Q1 2025, houses sales decreased by -13.9% (to 230 sales in Q1 2025) but unit sales surged significantly (to 33 sales in Q1 2025). There is an undersupplied house market and a highly demanded unit market, thus creating a buffer against higher interest rates; and an ideal time for owners to sell. Units saw a higher price growth than houses, as buyers switched their focus to units; due to higher affordability of units and an increase in rental yields
CHANGE FROM LAST
YEAR
HALF YEAR
Tamworth£ plans to see approximately $676.3M of new projects commencing construction in 2025. Mixed-Use
Residential
$82.9M
$10.8M
Infrastructure $26.3M Industrial
HOUSE SALE S
$17.4M
HOUSE ME DIAN PRICE Commercial
HOUSE RE NTAL PRICE
$538.9M
UNIT SALE S
Most of the planned projects in 2025 are of a commercial nature, which will stimulate the local economy through creating more jobs; as well as improve services for residents. This can lead to more demand for housing.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There is a mix of projects that will add to residential stock in 2025, including:
$ MARKET CONDITIONS MEDIAN PRICE Q1 2025
$540K
$370K
MEDIAN PRICE Q1 2025
$470
SALES
AVERAGE DAYS ON MARKET Q1 2025
67
81
HOUSE
U N I T
RENTALS
$350
AVERAGE DAYS ON MARKET Q1 2025
22
24
HOUSE
U N I T
•
15 Manilla Road (11 Dwellings)
•
163 Carthage Street (10 Dwellings)
•
18-50 Mayne Drive Residential Subdivision (47 Lots)
•
Upper Moore Creek Road Residential Subdivision (40 Lots)
The incoming supply of ready-to-sell houses will assist with demand, but it is not enough. Land lots take time to build into a home, thus it is more of a medium to long term strategy. There is an absence of new units for 2025, which will put pressure on both the housing and units' market. This will likely lead to higher prices across the board in the short term.
21 Dwellings
87 Lots