Tumut

POSTAL CODE: NSW, 2720

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 23.08% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $520,000

The augmented property values in the suburb are trailing behind the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $440.

Home owners selling their properties and realtors in TUMUT usually have to wait an average of 135.1 days days before their assets are lifted off the market.

The NSW suburb ranks 130th on the list of best yielding suburbs for rental properties in NSW, posting a 4.4% return.

It also places places 1185th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that TUMUT, 2720 obtained a 22.01% growth over a ten-year period. It ranks 1283rd on our list of suburbs that property investors should look into.

TUMUT, 2720 has a capital gain of 0% for the past year, which is lower than average compared to its 86.87% growth within a five-year period.

With the median home price in TUMUT sitting at $370,000, and the average rent at $320, property owners could potentially earn a 4.5% increase in gross rental yield.

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

TUMUT, 2720 in NSW belongs to the local government area of Snowy Valleys.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$520,000	$370,000
Growth Report
Median Quarterly	-3.17%	-5.19%
Median 12 month	4%	0%
Median 3 years	23.08%	8.82%
Median 5 years	61.24%	86.87%
10 years average annual	8.16%	22.01%
Weekly media advert. rent	$440	$320
Time on Market	135.1 days	N/A
Gross Rental Yield Percent	4.4%	4.5%

Demographics (Median Values)*

Total Population 8012

Weekly Household Income 1146

Household Size 2.40

Average Age 44

Monthly Loan Repayment 1486

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

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type