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Tumbarumba, NSW 2653

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Tumbarumba, NSW 2653 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Tumbarumba, NSW 2653”

  1. The total adult population (15 years or older) of Tumbarumba 2653 NSW is 1,574, with a median age of 47. Of those, 49.56% are married, 13.21% are divorced or separated, 29.92% are single and 7.81% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,184. The median monthly mortgage repayment for households in this suburb is $1,165 which is 18.84% of their earnings.

    Source: ABS Census Data (2021)

  2. Tumbarumba, postcode 2653, is nestled within the verdant slopes of New South Wales and is home to approximately 1,100 households. As we venture deep into the third quarter of 2023, the property market within this charming region seems to offer a good blend of affordability and returns for the discerning property investor.

    Looking at the numbers, the typical price of houses within Tumbarumba currently sits at a modest $423,698. Steady rental returns are chalked up at a median weekly rent of $337, which translates to a comfortable indicative yield of 4.14%. Compared to more cashflow-centered markets, this yield is favourable and is a positive investment signal.

    When it comes to the socio-economic fabric of Tumbarumba, the IRSAD score reveals a healthy reading of 898 out of 1,217. This suggests a relative census of good socio-economic conditions and standard of living among the residents. Rental ownership is balanced, with a renter to owner ratio standing at 24%, pointing towards a good distribution of owners to renters and suggesting there could be less competition among landlords for tenants.

    The units to houses ratio is remarkably low at merely 1%, indicating an overwhelming presence of houses. This is a favourable sign as it can uphold rental yields and is appealing to a family-centric demographic seeking longer tenancy periods.

    On the affordability front, properties in Tumbarumba fare well, reflected in the affordability index readings of 27 years. This measurement signifies a relatively good level of affordability in the area, offering a locale that’s in tune with the current interest rates, median family income, and property prices.

    Delving into the supply, stock on market Percentage for houses is notably low at 0.09%. The inventory level is standing at 1.09 months. This suggests a low supply, a circumstance that can generally add to the attractiveness and demand for houses in the area. The building approvals Ratio at 0%, reaffirms the current low supply trend in the housing market within the suburb.

    However, with the days on market for houses averaging at 142 days, demand can be perceived as low. The Vacancy Rate, incorporating both houses and units, is neutral at 3.0%, indicating a balanced demand and supply scenario in the area. Yet, a buy search index of 3 points towards limited demand for home buying which should be a point of consideration for investors.

    Encapsulating the above factors, property investment in Tumbarumba presents a mixed array of signals, balancing between favourable socio-economic condition, low supply, strong rental yields and limited demand in the buying market. Prospective investors should certainly look at trends as well as the HtAG Analytics RCS metric for a more comprehensive evaluation.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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