Tamworth Rural Report 2024 Overview
Tamworth, and its surrounding areas, is rich in rural acreage land; whether solely for residential or farming purposes. This report encompasses land sales of 50 acres and above in the following local government areas (LGA): Armidale, Tamworth, Gunnedah Shire, Uralla Shire, Liverpool Plains Shire, and Walcha Council. The number of acreage land over 50acres sold has declined significantly in 2024, which has been in a declining pattern in the past 5 years, in all LGAs. The peak number of sales were in 2021 for Tamworth, Armidale, and Gunnedah; and 2020 for Liverpool and Walcha.
Median Price
Land >50 Acres
$3,500,000
160
$3,000,000
140
$2,500,000
120
Sales Volume
100
$2,000,000
80
$1,500,000
60
$1,000,000
40
$500,000
20
$-
2020
2021
2022
2023
2024#
2020
2021
2022
2023
2024#
Median price for land with more than 50 acres has shown an upward trend in the past four years to 2023 in all LGAs in Tamworth and surrounds. 2024# have shown notable fluctuations in median price, due to low stock. Walcha and Gunnedah Shire have shown a significant decline in median price for 2024 #, however there were only 12 and 17 sales each. In contrast Armidale and Liverpool Shire reached peak prices, however based on only 29 and 23 sales each.
Significant Projects 2025 onwards Oven Mountain Pumped Hydro Energy Storage Project (1.9B) The Oven Mountain project is a 600MW renewable energy initiative located in the New England Renewable Energy Zone near the Macleay River in northern New South Wales. Currently in the planning stages, it aims to support grid stability and align with New South Wales’s clean energy goals. Commence Date: 08/09/2025 Completion Date: 06/10/2028 Current Status: Feasibility studies DA SSI-12422997 Ownership Oven Mountain Pumped Pty Ltd
Lambruk Solar Farm (750M) The Lambruk Solar Project is a 500MW solar farm with a 300MW Battery Battery Energy Storage System (BESS) located near Loomberah, 15km southeast of Tamworth, NSW. It will power 180,000 homes annually and reduce CO2 emissions by 600,000 tonnes. The 30-project will provide grid stability, create 350 constructions jobs, and deliver long-term economic benefits to the region. Commence Date: 08/09/2025 Completion Date: 06/10/2028 Current Status: Feasibility studies DA SSD-67436209 Ownership Venn Energy
PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research. © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed. © Copyright PRD 2024.