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Hanging Rock
NSW, 2340 - Tamworth Regional

Thinking about buying in Hanging Rock? Now could not be a better time, with just 94 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $462,000 with prices in this suburb ranging from $189,000 to $1,822,000. The aproximate distance to the coast is 124 Km.

Household Makeup

Median Weekly Rent $270.00
Median Monthly Mortgage $1442.00
Median Persons Per Bedroom 0.80
Average Household Size 2.50
Average Age 45.00
Average Income $658.00
Average Cars Per Dwelling 2.20
Average Properties Within 50M 3

Housing Stock

Average Property Prices

1 Bed  $316,000
2 Bed  $650,000
3 Bed  $507,000
4 Bed  $647,000
5 Bed  $444,000

Hanging Rock Real Estate Market Outlook

In Hanging Rock there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Hanging Rock is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Hanging Rock provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Hanging Rock to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Hanging Rock we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Hanging Rock a better buying opportunity than it may have been in the past.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Hanging Rock there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Hanging Rock weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.916.532.134.490.24.325.4
Feb1.915.930.738.693.34.222.2
Mar3.214.227.246.195.43.617.6
Apr1.09.323.843.796.13.015.5
May1.05.419.845.095.93.012.1
Jun1.43.916.255.497.73.19.4
Jul1.32.315.949.795.03.410.6
Aug0.92.618.240.593.83.613.9
Sept1.14.922.432.591.53.718.8
Oct1.38.625.234.891.83.822.0
Nov2.612.228.134.190.74.024.9
Dec3.514.930.134.390.34.226.3

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

22-01-2024 $260,000 824 BARRY RD
15-12-2023 $250,000 865 BARRY RD
02-08-2023 $380,000 790 BARRY RD
03-03-2023 $500,000 958 BARRY RD
05-05-2022 $520,000 640 SHEARERS RD
04-05-2022 $200,000 145 MORRISONS GAP RD
17-12-2021 $250,000 863 BARRY RD
30-07-2021 $245,000 770 BARRY RD
08-03-2021 $400,000 1191 BARRY RD
07-12-2020 $480,000 11 ANDEVA RD
17-01-2020 $340,000 2372 BARRY RD
19-08-2019 $390,000 6 ANDEVA RD
07-02-2019 $280,000 972 BARRY RD
19-04-2018 $245,000 406 SHEARERS RD
03-11-2017 $60,000 788 BARRY RD
14-07-2017 $140,000 820 BARRY RD
12-01-2017 $317,500 870 BARRY RD
18-11-2016 $140,000 770 BARRY RD
15-12-2015 $765,000 700 SHEARERS ROAD
28-08-2015 $140,000 865 BARRY RD
05-06-2015 $265,000 23 MORRISONS GAP RD
18-05-2015 $165,000 770 BARRY RD
27-02-2015 $270,000 6 ANDEVA RD
29-08-2014 $150,000 71 MORRISONS GAP RD
14-01-2013 $340,000 825 BARRY RD
19-12-2012 $120,000 2482 BARRY RD
31-07-2012 $250,000 751 BARRY RD
02-04-2012 $300,000 1191 BARRY RD
21-12-2010 $520,000 1614 FOREST WAY
19-05-2010 $175,000 896 BARRY RD
18-12-2009 $1,000,000 388 MORRISONS GAP RD
03-04-2009 $65,000 872 BARRY RD
02-03-2009 $72,500 767 BARRY RD
19-08-2008 $285,000 500 SHEARER RD
12-10-2007 $60,000 767 BARRY ROAD
29-06-2007 $112,000 820 BARRY RD
16-04-2007 $260,000 825 BARRY STREET

Internet Speed

Download 25 Mbps / Upload 5 Mbps

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