At number 978th in the list of Australian suburbs ordered by increase in median house value over the last year, Tumut, 2720 is in the top 30% with a property value increase of 6.79% recorded in median house prices.
Over the longer term, Tumut has seen property prices show investors a 10.74% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Tumut should be aiming for at least -6.95% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 316.87km from the CBD, Tumut is one of Snowy Valleys (A) localities in the postcode 2720.
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Tumut, NSW – Dwelling stock inches upward
Median house price: $315,000
Stock on market: 20.5%
12-month growth: 17.8%
Named for an Aboriginal word that means “a quiet resting place by the river”, the suburb of Tumut tucked into the Snowy Mountains region is a beautiful spot to visit at any time of the year.
Tumut River Walk leads to the Tumut Wetland, a stunning nesting spot for birds that is particularly picturesque in autumn when the leaves turn gold. Nature abounds here, with many trails in the Tumut State Forest. Horseback riding is a popular activity, as is fishing thanks to the abundance of rivers and lakes. Food enthusiasts will also enjoy the local fare, such as the brew from the Tumut River Brewing Co.