Property value increases in Tumby Bay have tracked just lower than the SA average of 3.35% over the last 12 months.
A -6.07% growth in median value for property investors in Tumby Bay,5605 puts this suburb at number 247th in terms of best performing suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Tumby Bay itself are offering an average vendor discount of -6.48% to real estate investors.
A $265 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 3.71%.