Property investors enjoyed capital gains of 8.73% over the last 12 months in TUMBI UMBI, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 5.82% growth over a ten-year period. It ranks 1293rd on our list of suburbs that property investors should look into.
TUMBI UMBI, 2261 has a capital gain of 8.73% for the past year, which is lower than average compared to its 63.1% growth within a five-year period.
With the median home price in TUMBI UMBI sitting at $685,000, and the average rent at $470, property owners could potentially earn a 3.57% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TUMBI UMBI are low, as opposed to average gains per annum over the past five years.
TUMBI UMBI, 2261 in NSW belongs to the local government area of Wyong.