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Temora suburb profile

Temora is a charming rural town located in the Riverina region of New South Wales, known for its rich aviation history and vibrant community spirit. Often referred to as the "Friendly Town," Temora offers a welcoming atmosphere with a blend of heritage architecture and modern amenities. The town is famous for the Temora Aviation Museum, which showcases an impressive collection of historical aircraft. Surrounded by fertile agricultural land, Temora supports a strong farming community and hosts various local events and festivals. Its combination of historical significance and country hospitality makes Temora a unique and appealing destination.

Temora property market performance

Temora’s property market has shown modest growth over the past 12 months, with house values increasing by 6.2%, bringing the median house price to $435,000. Unit values have remained unchanged, indicating a stagnant unit market.

In the past 12 months, 23 houses and 4 units have been sold. Houses are taking longer to sell with a median of 69 days on the market, while unit sales remain negligible.

Rental markets have diverged significantly in Temora with house rents rising by 10.5%, while unit rents saw a minimal increase of 0.6%, reflecting different demand dynamics between the two sectors.

HousesUnits
Median price
Past 3 months
$435KN/A
Change in value
Past 12 months
6.2%N/A
Sold
Past 3 months
234
Median days on market
Past 12 months
69N/A
Average rent
Past 12 months
$420$325
Change in rent
Past 12 months
10.5%0.6%

5 year median price trend for houses and units

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Temora demographics

Temora, located in the Riverina region of New South Wales, is a charming rural town known for its rich agricultural heritage and close-knit community. With a population of 4,706, Temora offers a peaceful lifestyle, attracting families, retirees, and those seeking a slower pace of life. The median age of 48 reflects a mature community, with many residents enjoying the town's relaxed atmosphere and strong sense of community.

Housing in Temora is predominantly owner-occupied, with 48.2% of properties owned outright and 26% owned with a mortgage. This high rate of home ownership indicates a stable and established community, with many long-term residents. The rental market, comprising 25.8% of properties, provides options for those seeking flexibility or newcomers looking to settle in the area.

Family life is central to Temora, with couple families with children making up 33.4% of households, while 47.4% are couple families without children. One-parent families account for 17.3% of the community, highlighting the town's inclusive and supportive environment. The median total household income of $1,165 per week reflects the town's affordability, making it an attractive option for families and retirees alike. Temora's blend of rural charm, community spirit, and affordability make it a desirable place to call home.

Temora infrastructure, key developments and investment opportunities

Temora’s property market is supported by its role as the main service centre for the surrounding Riverina district, with local retail, health, and community services underpinning everyday demand. The town’s established amenities and family-friendly reputation continue to make it attractive for owner-occupiers and investors seeking affordability compared with larger regional centres.

There are no major transport or large-scale redevelopment projects in Temora currently evident from the available information that are likely to materially change the property market in the near term. Ongoing demand is more likely to be influenced by steady local population needs, the availability of services, and the suburb’s appeal as a regional lifestyle location.

Temora rental market trends

The rental market in Temora has shown modest growth, with house rents increasing by 10.5% over the past year to $420 per week, while unit rents have seen a slight rise of 0.6% to $325 per week. Temora remains a steady market, attracting attention for its potential and stable rental returns amid a peaceful rural setting.

Suburbs near Temora

Some popular suburbs near Temora include:

How does Temora compare to nearby suburbs?

  • Median house prices: Temora’s median house price is 17.5% lower than Junee’s.
  • House price growth: Property prices in nearby Junee have risen 2.7% more than in Temora over the past year.
  • Selling speed for houses: Properties in Temora are selling 11.5% faster than in Junee.

Common questions about Temora

  • Is Temora a nice place to live?

    Temora is a delightful rural town that offers a peaceful and welcoming environment, making it a wonderful place to live. Known for its rich aviation history and vibrant community spirit, Temora provides a unique blend of heritage charm and modern conveniences. The town's friendly atmosphere is complemented by its picturesque surroundings, making it an ideal location for families seeking a slower pace of life. With a strong sense of community and a variety of local events and festivals, residents can enjoy a fulfilling lifestyle enriched by the town's cultural offerings.

    Families will find Temora particularly appealing due to its family-friendly vibe and supportive environment. The town offers a range of amenities, including local shops, cafes, and community services, ensuring that all essential needs are met. While Temora may not have the bustling nightlife of larger cities, it compensates with its serene lifestyle and the opportunity to engage with nature and community activities. The town's safety and affordability further enhance its appeal, making it an attractive option for those looking to settle down in a nurturing and stable environment.

    However, living in Temora does come with some trade-offs. The rural setting means that residents may need to travel to larger regional centres for certain amenities or employment opportunities. Additionally, the absence of major transport projects may limit connectivity to other regions. Despite these considerations, Temora's charm, community spirit, and affordability make it a desirable place to call home, particularly for families and retirees seeking a tranquil and supportive community.

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  • Is it expensive to live in Temora?

    Living in Temora can be considered relatively affordable compared to many other parts of New South Wales. With the current median house price at $435,000, it is significantly lower than what you might find in larger cities or more urban areas. The rental market also reflects this affordability, with the average rent for houses at $420 per week and units at $325 per week. This makes Temora an attractive option for those looking to stretch their dollar further.

    When we compare the average taxable income in Temora, which is about $59,000 per year, to the median total household income weekly of $1,165, it becomes clear that the cost of living is quite manageable for many residents. In contrast, the average salary in larger cities like Sydney is often much higher, but so are the living costs. Therefore, if you're thinking of living in Temora, you might find it to be a more budget-friendly option that still offers a pleasant lifestyle without the hefty price tag associated with more metropolitan areas.

    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 Temora a good place to invest?

    Temora presents a promising opportunity for property investors, especially those interested in houses. Over the past year, the median house value in Temora has increased by 6.2%, indicating a healthy growth trend. This growth is complemented by a significant 10.5% rise in house rents, suggesting strong rental demand and the potential for solid rental returns. Such a combination of capital growth and rental yield makes houses in Temora an attractive investment option.

    While the unit market in Temora has remained stable with no change in median value and a modest 0.6% increase in rent, this stability might appeal to investors seeking a lower-risk entry point. However, the real standout in Temora is the housing market, which is showing more dynamic growth. The suburb's appeal is likely bolstered by its community atmosphere and regional charm, making it a desirable location for families and long-term residents. Overall, Temora offers a balanced investment landscape with particular strength in the housing sector.

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Choose the right real estate agents in Temora

There are 9 real estate agents in Temora, 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 96.7% of all sales in the past year.

Commission rates in Temora typically range from 2.17% 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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