Tumbarumba

POSTAL CODE: NSW, 2653

HOUSE

Based on its average 5-year and quarterly capital gains TUMBARUMBA, 2653 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that TUMBARUMBA, 2653 obtained a 9.3% growth over a ten-year period. It ranks 334th on our list of suburbs that property investors should look into.

TUMBARUMBA, 2653 in NSW belongs to the local government area of Snowy Valleys.

TUMBARUMBA, 2653 has a capital gain of 15.92% for the past year, which is higher than average compared to its 61.11% growth within a five-year period.

With the median home price in TUMBARUMBA sitting at $435,000, and the average rent at $400, property owners could potentially earn a 4.78% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in TUMBARUMBA are low, as opposed to average gains per annum over the past five years.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$435,000	N/A
Growth Report
Median Quarterly	1.16%	N/A
Median 12 month	15.92%	N/A
Median 3 years	35.94%	N/A
Median 5 years	61.11%	N/A
10 years average annual	9.3%	N/A
Weekly media advert. rent	$400	N/A
Time on Market	127 days	N/A
Gross Rental Yield Percent	4.78%	N/A

Demographics (Median Values)*

Total Population 2537

Weekly Household Income 1161

Household Size 2.30

Average Age 46

Monthly Loan Repayment 1192

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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