Suburb Profile Report for Tumbarumba NSW (2653)

Tumbarumba House: Median price $230,000, Annual capital growth 3.98%, Number of sales 45, Weekly median advertised rent $270

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

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

Postcode: 2653

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.

Metrics i HOUSE UNIT
$230,000 N/A
11.92% N/A
10.84% N/A
3.98% N/A
$270 N/A
45 N/A
6.10% N/A
111 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 1756
Median household income ($/weekly) 868
Median age of persons 42
Median housing loan repayment ($/monthly) 1109
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 253 14.4
    35-44 years 214 12.2
    45-54 years 256 14.6
    55-64 years 233 13.3
    65-74 years 169 9.6
    Others 631 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 626 51.1
    Not Married 455 37.1
    Defacto Relationship 145 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1511 91.9
    Papua New Guinea 34 2.1
    United Kingdom 36 2.2
    United States of America 8 0.5
    Other 16 1.0
    Others 40 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1312 82.6
    No Religion 253 15.9
    Hinduism 9 0.6
    Other Religious Groups 8 0.5
    Buddhism 6 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 68 11.2
    $400-$599 77 12.7
    $600-$799 87 14.4
    $1,000-$1,249 61 10.1
    $1,500-$1,999 71 11.7
    Others 241 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 553 41.7
    Employed, worked full-time 458 34.5
    Employed, worked part-time 206 15.5
    Unemployed, looking for work 60 4.5
    Employed, away from work 49 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 91 12.8
    Technicians & trades workers 109 15.3
    Community & personal service workers 84 11.8
    Machinery operators & drivers 109 15.3
    Labourers 106 14.9
    Others 214 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 29 7.8
    Infants/Primary 155 41.9
    Secondary 120 32.4
    Technical or Further Educational Institution 40 10.8
    University or other Tertiary Institutions 17 4.6
    Others 9 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1555 97.1
    Flat, unit or apartment 30 1.9
    House or flat attached to a shop, office 10 0.6
    Caravan, cabin, houseboat 7 0.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 272 40.9
    Rented 205 30.8
    Being purchased 188 28.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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