AREA REPORTS

Tumby Bay

SA/
Tumby bay

Suburb Profile

Tumby Bay - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5605

house

TUMBY BAY, 5605 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 $255,000.

Profits due to an downward trend in home prices in the suburb averaged -3.92% per annum over a 3-year period.

TUMBY BAY now ranks at the 132nd 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $250 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 180.1 days.

In 2016, 30 properties were sold in TUMBY BAY during the past year, making it the 241st most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $255,000 N/A
GROWTH REPORT
Median Quarterly 2% N/A
Median 12 month -8.44% N/A
Median 3 years -11.76% N/A
Median 5 years -7.27% N/A
10 years average annual 1.51% N/A
Weekly media advert. rent $250 N/A
Time on Market 180.1 days N/A
Gross Rental Yield Percent 5.1% N/A
demographics (median values)
Total Population
1794
Weekly Household Income
590.7
Household Size
2.20
demographics
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