Suburb Profile Report for Tumut NSW (2720)

Tumut House: Median price $270,000, Annual capital growth 2.10%, Number of sales 105, Weekly median advertised rent $280

Tumut Unit: Median price $200,000, Annual capital growth N/A, Number of sales 14, Weekly median advertised rent $220

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Tumut have tracked just lower than the NSW average of 10.55% over the last 12 months.

Across a shorter period, Tumut, 2720 has seen a median price increase of 0.00% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Tumut, 2720. Typically our figures indicate that -7.22% is being offered, which puts this NSW suburb at 995th most discounted overall in Australia.

At number 3434 in a list of fastest selling suburbs, Tumut is in the bottom 10% of suburbs in Australia with an average of days on market 132.13 for properties listed there.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.39%, without taking into account capital value appreciation, which has been averaging out at 2.10%.

Property buyers and investors in Tumut 2720 should be seeing an average reduction in asking price of around -7.64% . This means that Tumut is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

With the median price for a house in Tumut being $200000 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 5.72%

Metrics i HOUSE UNIT
$270,000 $200,000
0.00% N/A
5.06% N/A
2.10% N/A
$280 $220
105 14
5.39% 5.72%
132.13 175.18

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6239
Median household income ($/weekly) 918
Median age of persons 39
Median housing loan repayment ($/monthly) 1408
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 824 13.2
    25-34 years 730 11.7
    35-44 years 773 12.4
    45-54 years 822 13.2
    55-64 years 753 12.1
    Others 2337 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 2043 46.8
    Not Married 1735 39.7
    Defacto Relationship 588 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5367 91.2
    Papua New Guinea 84 1.4
    South Africa 88 1.5
    United Kingdom 116 2.0
    Other 67 1.1
    Others 164 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.3
    Christianity 5040 87.2
    Hinduism 22 0.4
    Islam 8 0.1
    No Religion 685 11.8
    Others 9 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 239 11.1
    $400-$599 284 13.2
    $600-$799 253 11.8
    $800-$999 202 9.4
    $1,500-$1,999 258 12.0
    Others 910 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1857 39.4
    Employed, worked full-time 1683 35.7
    Employed, worked part-time 835 17.7
    Unemployed, looking for work 174 3.7
    Employed, away from work 159 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 366 13.6
    Technicians & trades workers 474 17.7
    Community & personal service workers 276 10.3
    Machinery operators & drivers 311 11.6
    Labourers 431 16.1
    Others 824 30.7
    Occupation
    Census Count Percent(%)
    Pre-school 118 9.1
    Infants/Primary 500 38.5
    Secondary 399 30.7
    Technical or Further Educational Institution 198 15.3
    University or other Tertiary Institutions 66 5.1
    Others 17 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5283 92.6
    Flat, unit or apartment 311 5.5
    Semi-detached, row or terrace house, townhouse 93 1.6
    Caravan, cabin, houseboat 14 0.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 832 36.1
    Rented 752 32.6
    Being purchased 702 30.5
    Other tenure type 18 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals