Property investors who have had real estate in Tumbarumba, 2653 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -18.87%
Taking the average capital gain, or increase in median house value, Tumbarumba,2653 has racked up an average of -18.87% over the period. This ranks it number 3874th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Tumbarumba is giving property investors an average Vendor Discount of around -6.79%. This puts suburb at number 274th in NSW when ranking the most discounted suburbs.
A $230 per week rent on the median house gives suburb investors a gross yield of circa 7.21%, without taking into account capital value appreciation, which has been averaging out at 1.59%.