NSW has seen average median house prices change by 7.11% which means that Tumut, 2720 has done well for property investors by showing a capital gain of -3.70% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Tumut comes in at number 1278th in NSW.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.57% offered to property buyers. Sellers in Tumut itself are offering an average vendor discount of -5.96% to real estate investors.
Often selling an investment property can take time, and in Tumut the average time real estate has been on the market is 152.83 days.
Advertised rents are around the $282.5 mark per week – giving a return of 5.65% based on the median price in Suburb
While Tumut,2720 ranked number 69th in NSW for increase in median house value (annualised) increase, it is ranked 485th over the last 5 years.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.