Property investors who have had real estate in Tumby Bay, 5605 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.12%
Comparing Tumby Bay,5605 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Tumby Bay itself are offering an average vendor discount of -11.50% to real estate investors.
With the median price for a house in Tumby Bay being $264250 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 4.92%