Tamworth property market has homes for every stage of the property journey: HTW residential
With its multitude of suburbs, each with their own pros and cons, Tamworth has an area for every home owner for each stage of their property journey, according to the latest Herron Todd White (HTW) residential report.
The report suggests first home owners can be found throughout, but the typical suburbs are South Tamworth, Hillvue and parts of North Tamworth.
"These suburbs offer older homes with a price tag of $200,000 to $350,000 which will get you a doer-upper at the lower end to a fully renovated 1980s brick dwelling at the upper end. Our demographic here tends to be younger owners either as a single occupier, young couple or family - think 20s to early 30s," the valuation firm said.
"Our next demographic is those in their early 30s up to 50. This is where location and size count as typically buyers are looking to be in a good location for their kids to grow up with space to grow and play as the family does. Calala, Moore Creek, North Tamworth and East Tamworth are where we see most of these buyers," the valuation firm continued.
Young families dominate the newer areas of Calala, Moore Creek and North Tamworth as they are able to secure a newish (less than five years old) four-bedroom, two-bathroom dwelling with no work needed on a comfortable 700 plus square metre lot, all for under $550,000 depending on the home. Those looking for proximity to schools and the CDB focus on the blue chip area of East Tamworth.
A new four bedroom house on a 700sqm block in Calala is currently on the market with a price of $479,000.
Situated at 37 Eagle Avenue (pictured below), the family home comes with three living areas plus covered alfresco living, open kitchen/family/dining room and double garage.
Other features include landscaped backyard and stainless steel fittings in kitchen.
"While the in town properties certainly attract a lot of buyers, let’s not forget about those who want a bit of space for the horse or motorbike. This is where the small acreage (one to ten hectare) properties of Moore Creek and Daruka come into play.
"Out in these areas, we predominantly see either young families moving for the space or older owners who have raised their families and watched them leave, but are not yet ready to down size," the valuation firm said.
"Once we get to downsizers, all suburbs are fair game with a large range of new and old dwellings on smaller lots with easy maintenance available all over Tamworth," the valuation firm stated.
New builds in North Tamworth and Calala are very popular, but so are older renovated dwellings in East Tamworth that offer proximity to the CBD, the report noted.
All in all, every suburb in Tamworth has owners from all stages of their property journey with no one suburb being ultimately dominated by any particular demographic.
"With the continued low interest rates, we are seeing first home owners stretching that little bit more to secure themselves a property in the more prestigious area of East Tamworth.
"Along with this we are seeing first home buyers also getting into bigger, brand new homes in North Tamworth or Calala, where over the years there has certainly been more of a shift towards the younger demographic or first home owner."
A three bedroom house in East Tamworth has recently been sold for $790,000.
Set on a 1,190sqm block, the 1940s house at 111 Upper Street (pictured below) comes with 4 optional living areas, verandah overlooking the courtyard and single carport.
Other features include high ceilings , original stain glass windows, renovated bathroom and under house storage.
