The post-budget guide to commercial property investing

Tyalgum

POSTAL CODE: NSW, 2484

Surburb overview

There’s more than meets the eye for the sleepy town of Tyalgum in NSW. Having registered an eyebrow-raising annual real estate price growth, Tyalgum may soon find itself on the radar of property investors who place value on sustainable living, a serene and creative atmosphere, and a sense of community. The town has plans to go off the grid and become the first town in Australia to be fully reliant on renewable energy. Tyalgum is also known among out-of-towners for its vibrant arts and music scene, drawing travellers from all over the country for its music festivals, visual art exhibitions and wellness events.

Suburb environment

The former timber town nestles on a robust patch of land surrounded by rolling hills and the picturesque Mt Warning as its backdrop. Its historic main street is lined with quaint vintage cafes, hotels, pubs and art galleries that have been beautifully restored and are reminiscent of the saloons of the American midwest. Other neighbouring points of interest include the Pinnacle, the Wollumbin State Forest Park, the Clarrie Hall Dam, and the Limpinwood Nature Reserve.

Real estate price overview

The median price of a property for sale in Tyalgum sits at an estimated $500,000, with an average selling duration of 100 days. The median quarterly home selling price is also in the black, and the same is true for the 10-year average annual price for residential properties. Rental properties in Tyalgum are not much in demand, with prices ranging between $250 and $540 per week.