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MOMENTUM
MEDIA
TUMBY BAY, 5605 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling TUMBY BAY, 5605 values up and netting property investors a capital gain of 16.25% for the past year.
Investors saw the median home price rise to $465,000.
Profits due to an upward trend in home prices in the suburb averaged 10.95% per annum over a 3-year period.
TUMBY BAY now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TUMBY BAY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $470 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TUMBY BAY, homes and units usually stay on listing for an average of 80.1 days.
In 2016, 37 properties were sold in TUMBY BAY during the past year, making it the 192nd most active market in SA based on total real estate transactions.
Tumby Bay, located approximately 45 kilometres north of Port Lincoln on the Eyre Peninsula and around 600 kilometres west of Adelaide, is a picturesque coastal town known for its stunning beaches, relaxed lifestyle, and strong community spirit. With a population of around 1,500 residents, Tumby Bay offers a peaceful and welcoming environment, making it an attractive destination for retirees, families, and holidaymakers seeking a coastal retreat with modern amenities.
Public transportation in Tumby Bay is limited, with most residents relying on private vehicles for commuting and travel. The town is well-connected by road via the Lincoln Highway, which links Tumby Bay to Port Lincoln and other key towns on the Eyre Peninsula. Regional flights are available from Port Lincoln Airport, offering a convenient travel option for those heading to Adelaide and other major cities.
Tumby Bay offers a range of essential services and amenities. The town has a well-established commercial centre, featuring supermarkets, cafes, retail stores, and essential services such as banks, a post office, and medical facilities. Tumby Bay Hospital provides healthcare services to residents, while larger medical facilities are available in Port Lincoln. The town also has a primary and secondary school, making it a suitable location for families with children.
Recreational opportunities in Tumby Bay are abundant, thanks to its beautiful coastal setting. The town’s pristine beaches are ideal for swimming, fishing, boating, and water sports. Tumby Bay’s sheltered waters make it a popular spot for kayaking, paddleboarding, and sailing, while the town’s jetty is a favourite for fishing enthusiasts. Tumby Bay is also known for its abundant marine life, with opportunities for snorkelling and diving to explore its underwater beauty.
For those who enjoy nature, the nearby Sir Joseph Banks Group of Islands and Lincoln National Park provide opportunities for bushwalking, birdwatching, and wildlife observation. Tumby Bay is also part of the Southern Eyre Peninsula's scenic drive routes, with many visitors exploring the region’s stunning coastline and rural landscapes.
The town has a vibrant arts and cultural scene, highlighted by the annual Tumby Bay Art Festival and the popular street art trail, which features large-scale murals created by local and international artists. The town’s strong community spirit is reflected in the many local events, markets, and festivals that foster a welcoming and engaging environment for residents and visitors alike.
With its combination of coastal beauty, access to essential amenities, and a laid-back lifestyle, Tumby Bay offers an idyllic environment for those seeking a peaceful and well-connected coastal town. Its scenic beaches, strong sense of community, and proximity to the natural attractions of the Eyre Peninsula make it a desirable place to live and visit.