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Tenambit suburb profile

Tenambit is a charming suburb located in the Hunter Region of New South Wales, just a short drive from the city of Maitland. Known for its friendly community atmosphere, Tenambit offers a mix of suburban tranquility and convenient access to urban amenities. The suburb features a range of housing options, from traditional family homes to modern developments, catering to diverse lifestyles. Residents enjoy local parks, schools, and shopping facilities, making it an ideal location for families and retirees. With its welcoming vibe and proximity to the Hunter Valley, Tenambit provides a comfortable and connected lifestyle.

Tenambit property market performance

Tenambit’s property market has seen a significant rise in house values over the past 12 months, with an increase of 10.7%, bringing the median house price to $867,500. Unit market activity is non-existent, highlighting a distinct preference for houses in the area.

Over the past three months, there have been 12 house sales with houses spending a median of 27 days on the market, indicating robust demand in the area. The unit market, however, shows no sales activity during the same period.

The rental market in Tenambit has also experienced growth, with house rents increasing by 8.6% over the last year. There is no recorded data for unit rentals, underscoring the limited appeal of units in the suburb.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
12.6%N/A
Sold
Past 3 months
94
Median days on market
Past 12 months
23N/A
Average rent
Past 12 months
$620N/A
Change in rent
Past 12 months
6.9%N/A

5 year median price trend for houses and units

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Tenambit demographics

Tenambit, located in the Hunter Region of New South Wales, is a suburb that offers a blend of suburban tranquility and community spirit. With a population of 3,088, it is a relatively small community where residents enjoy a slower pace of life compared to the bustling city centers. The median age of 41 suggests a mature population, with many families and long-term residents who appreciate the suburb's peaceful environment and family-friendly amenities.

The suburb's housing landscape is characterized by a significant proportion of home ownership, with 37% of properties owned outright and 30.8% owned with a mortgage. This indicates a stable community with a strong sense of home ownership. Additionally, 32.2% of the properties are rented, providing options for those seeking more flexible living arrangements. The mix of housing options caters to a diverse range of residents, from young families to retirees.

Family dynamics in Tenambit are varied, with couple families without children making up 41.3% of the households, while couple families with children account for 32.8%. One-parent families represent 24.6% of the community, highlighting the suburb's inclusivity and support for different family structures. The median total household income of $1,251 per week reflects the suburb's affordability, making it an attractive option for families and individuals seeking a comfortable lifestyle without the high costs associated with larger urban areas.

Tenambit infrastructure, key developments and investment opportunities

Tenambit benefits from its proximity to Maitland CBD and key transport corridors, with convenient access to the New England Highway and Hunter Expressway supporting commuter demand and underpinning buyer interest.[1] Nearby East Maitland railway station connects residents to the broader Hunter rail network, which enhances accessibility to employment hubs in Maitland, Newcastle and the wider Hunter Region and is likely to support long-term property demand.[1] The suburb’s local shopping centre and several parks, including family-friendly recreational spaces, contribute to everyday amenity and walkability, adding to its appeal for owner-occupiers and renters.[1]

Education infrastructure is anchored by Tenambit Public School and nearby childcare facilities, which together strengthen the area’s attractiveness for young families considering the suburb for its community feel and services.[6][8] Residents also benefit from quick access to major retail and services in neighbouring centres such as Greenhills, broadening shopping, dining and healthcare options and supporting the suburb’s livability and resilience as populations grow in the Maitland area.[1][8] At present there are no widely publicised major new infrastructure or redevelopment projects specific to Tenambit, so property trends are being driven mainly by its established amenities, improving regional connectivity and broader growth across the Maitland corridor.[1][7]

Tenambit rental market trends

The rental market in Tenambit has shown growth, with house rents increasing by 8.6% over the past year to $630 per week. However, there is no available data on unit rents, indicating a potential lack of unit supply in the area. This growth signals a robust demand for housing, making Tenambit an appealing choice for those seeking rental properties.

Suburbs near Tenambit

Some popular suburbs near Tenambit include:

How does Tenambit compare to nearby suburbs?

  • Median house prices: Tenambit’s median house price is 0.3% higher than East Maitland’s.
  • House price growth: Over the past 12 months, house prices in Tenambit have grown 3.8% higher than in Raworth.
  • Selling speed for houses: Properties in Tenambit are selling 14.8% faster than in East Maitland.

Common questions about Tenambit

  • Is Tenambit a nice place to live?

    Tenambit is a delightful suburb that offers a peaceful and welcoming environment, making it a lovely place to live. Nestled in the Hunter Region, it combines suburban charm with a strong sense of community, creating an inviting atmosphere for residents. The suburb is known for its family-friendly vibe, with a variety of housing options that cater to different lifestyles, from traditional family homes to modern developments. This diversity makes it an attractive choice for families, retirees, and individuals seeking a serene yet connected lifestyle.

    Living in Tenambit means enjoying the convenience of nearby amenities while basking in the tranquility of suburban life. The suburb is well-served by local parks, schools, and shopping facilities, ensuring that families have everything they need close at hand. Safety is generally not a major concern, contributing to the suburb's appeal as a secure place to raise children. While Tenambit may not offer the bustling nightlife of a city center, its proximity to Maitland and the Hunter Valley provides residents with easy access to a broader range of dining, shopping, and entertainment options.

    For families, Tenambit offers a nurturing environment with access to quality education and recreational spaces. The suburb's community spirit is evident in its support for various family structures, making it an inclusive place to call home. However, one trade-off of living in Tenambit is the lack of major new infrastructure projects, which means that property trends are largely driven by its established amenities and regional connectivity. Despite this, the suburb's charm and livability make it a wonderful choice for those seeking a comfortable and connected lifestyle in a peaceful setting.

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  • Is it expensive to live in Tenambit?

    Living in Tenambit can be considered moderately expensive, especially when you compare it to other areas in New South Wales. The median house price in Tenambit is $867,500, which is quite substantial for a suburb not located near a major city. Additionally, the average rent for houses is $630 per week, which can take a significant chunk out of a typical household's income.

    When you look at the income side of things, the median total household income in Tenambit is $1,251 per week. This is lower than the NSW state average wage, which is about $108,000 per year for full-time workers. This discrepancy means that residents in Tenambit might find it challenging to manage housing costs on top of other living expenses, especially if their income is closer to the local median rather than the state average.

    Overall, while Tenambit offers a more suburban lifestyle away from the hustle and bustle of city life, the cost of housing can be a significant consideration. If you are thinking of living in Tenambit, it's important to weigh these costs against your financial situation to ensure it aligns with your budget and lifestyle preferences.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Tenambit a good place to invest?

    Tenambit presents an interesting opportunity for property investors, especially those focused on houses. Over the past year, the suburb has experienced a notable 10.7% increase in median house values, indicating a strong demand and potential for capital growth. This growth is complemented by an 8.6% rise in house rents, suggesting that the rental market is also thriving, which is great news for investors seeking rental income.

    While units in Tenambit haven't seen the same level of growth, with both median values and rents remaining stable, this could mean there's potential for future development or a shift in demand. The stability in the unit market might appeal to investors looking for a less volatile investment, though the real excitement currently lies in the housing market.

    Overall, Tenambit seems to be a promising suburb for investment, particularly for those interested in houses. The combination of rising property values and rental income makes it an attractive option for investors looking for growth and steady returns. As with any investment, it's important to consider the broader market trends and local developments that could impact future performance.

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Choose the right real estate agents in Tenambit

There are 25 real estate agents in Tenambit, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 41.2% of all sales in the past year.

Commission rates in Tenambit typically range from 2.38% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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