Tumby Bay

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 8.73% for the past year.

Investors saw the median home price rise to $299,000.

Profits due to an upward trend in home prices in the suburb averaged 2.26% per annum over a 3-year period.

TUMBY BAY now ranks at the 487th 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.

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 79.6 days.

In 2016, 44 properties were sold in TUMBY BAY during the past year, making it the 166th most active market in SA based on total real estate transactions.