Investment property in Tumbarumba has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.34%
Taking the average capital gain, or increase in median house value, Tumbarumba,2653 has racked up an average of 18.34% over the period. This ranks it number 2370th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Tumbarumba itself are offering an average vendor discount of -8.03% to real estate investors.
Residents and property investors in Tumbarumba have been waiting around 139 days to sell a property.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 6.76%, without taking into account capital value appreciation, which has been averaging out at 2.83%.