Hanging Rock, located within the Tamworth Regional area in New South Wales, offers a unique blend of rural charm and a relaxed lifestyle, making it an intriguing prospect for potential homeowners. The housing market here typically features a range of options, from quaint cottages to more expansive rural properties. Compared to more urbanized areas, property prices in Hanging Rock are relatively affordable, providing a golden opportunity for first-time homebuyers or those looking to escape the hustle and bustle of city life. The market, characterized by its stability and moderate growth potential, is largely driven by buyers seeking tranquility and ample space, which are abundant in this picturesque location.
Living in Hanging Rock is defined by its peaceful ambiance and close-knit community. The area boasts beautiful natural scenery, with its rolling hills and verdant landscapes offering residents a serene backdrop for daily life. Despite its rural setting, Hanging Rock is not too far removed from the conveniences of Tamworth, allowing residents to enjoy the best of both worlds—quiet country living with access to urban amenities just a short drive away. Community events, local markets, and outdoor activities such as hiking and birdwatching are part of the lifestyle here, making it an attractive place for nature enthusiasts and those seeking a slower pace of life.
| Median Weekly Rent | $270.00 |
| Median Monthly Mortgage | $1442.00 |
| Median Persons Per bed houseroom | 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 |
| Typical 1 bed house | $316,000 |
| Typical 2 bed house | $650,000 |
| Typical 3 bed house | $507,000 |
| Typical 4 bed house | $647,000 |
| Typical 5 bed house | $444,000 |
Housing Stock
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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.
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.
Instant Property ValuationNone 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)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.9 | 16.5 | 32.1 | 34.4 | 90.2 | 4.3 | 25.4 |
| Feb | 1.9 | 15.9 | 30.7 | 38.6 | 93.3 | 4.2 | 22.2 |
| Mar | 3.2 | 14.2 | 27.2 | 46.1 | 95.4 | 3.6 | 17.6 |
| Apr | 1.0 | 9.3 | 23.8 | 43.7 | 96.1 | 3.0 | 15.5 |
| May | 1.0 | 5.4 | 19.8 | 45.0 | 95.9 | 3.0 | 12.1 |
| Jun | 1.4 | 3.9 | 16.2 | 55.4 | 97.7 | 3.1 | 9.4 |
| Jul | 1.3 | 2.3 | 15.9 | 49.7 | 95.0 | 3.4 | 10.6 |
| Aug | 0.9 | 2.6 | 18.2 | 40.5 | 93.8 | 3.6 | 13.9 |
| Sept | 1.1 | 4.9 | 22.4 | 32.5 | 91.5 | 3.7 | 18.8 |
| Oct | 1.3 | 8.6 | 25.2 | 34.8 | 91.8 | 3.8 | 22.0 |
| Nov | 2.6 | 12.2 | 28.1 | 34.1 | 90.7 | 4.0 | 24.9 |
| Dec | 3.5 | 14.9 | 30.1 | 34.3 | 90.3 | 4.2 | 26.3 |
source: Australian Government Bureau of Meteorology
| 22-01-2024 | $260,000 | 824 Barry Road |
| 15-12-2023 | $250,000 | 865 Barry Road |
| 02-08-2023 | $380,000 | 790 Barry Road |
| 03-03-2023 | $500,000 | 958 Barry Road |
| 05-05-2022 | $520,000 | 640 Shearers Road |
| 04-05-2022 | $200,000 | 145 Morrisons Gap Road |
| 17-12-2021 | $250,000 | 863 Barry Road |
| 30-07-2021 | $245,000 | 770 Barry Road |
| 08-03-2021 | $400,000 | 1191 Barry Road |
| 07-12-2020 | $480,000 | 11 Andeva Road |
| 17-01-2020 | $340,000 | 2372 Barry Road |
| 19-04-2018 | $245,000 | 406 Shearers Road |
| 03-11-2017 | $60,000 | 788 Barry Road |
| 14-07-2017 | $140,000 | 820 Barry Road |
| 12-01-2017 | $317,500 | 870 Barry Road |
| 18-11-2016 | $140,000 | 770 Barry Road |
| 15-12-2015 | $765,000 | 700 Shearers Road |
| 28-08-2015 | $140,000 | 865 Barry Road |
| 05-06-2015 | $265,000 | 23 Morrisons Gap Road |
| 18-05-2015 | $165,000 | 770 Barry Road |
| 27-02-2015 | $270,000 | 6 Andeva Road |
| 29-08-2014 | $150,000 | 71 Morrisons Gap Road |
| 14-01-2013 | $340,000 | 825 Barry Road |
| 19-12-2012 | $120,000 | 2482 Barry Road |
| 31-07-2012 | $250,000 | 751 Barry Road |
| 02-04-2012 | $300,000 | 1191 Barry Road |
| 21-12-2010 | $520,000 | 1614 Forest Way |
| 19-05-2010 | $175,000 | 896 Barry Road |
| 18-12-2009 | $1,000,000 | 388 Morrisons Gap Road |
| 03-04-2009 | $65,000 | 872 Barry Road |
| 02-03-2009 | $72,500 | 767 Barry Road |
| 19-08-2008 | $285,000 | 500 Shearer Road |
| 12-10-2007 | $60,000 | 767 Barry Road |
| 29-06-2007 | $112,000 | 820 Barry Road |
| 16-04-2007 | $260,000 | 825 Barry Street |
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