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%