Tumbarumba has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.84% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Tumbarumba comes in at number 56th in NSW.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Tumbarumba itself are offering an average vendor discount of -7.52% to real estate investors.
Tumbarumba, 2653’s gross rental yield is 6.10%
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Tumbarumba, NSW – Significant returns in Snowy Mountains
Median house price: $183,000
Three-year growth: 10.4%
Rental yield: 7.7%
A beloved escape in NSW’s Snowy Mountains region, the suburb of Tumbarumba was once a gold rush town. Today, it is a destination for food, bushwalking and fly fishing, among others. There is a blueberry farm where visitors can pick their own berries, and cattlemen show off their horsemanship skills at the Boggy Creek Show nearby.
The suburb, also known as Tumba, and was mentioned in the James Joyce poem Finnegan’s Wake. It’s a great stop for skiers and snowboarders on the way to Mount Selwyn and Thredbo. Cycling along the mountain trails is also a popular activity, as is horseback riding and wine tasting. Landlords can reap high yields as well.