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Tumut, NSW 2720

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 Tumut, NSW 2720 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 “Tumut, NSW 2720”

  1. The total adult population (15 years or older) of Tumut 2720 NSW is 5,326, with a median age of 42. Of those, 42.34% are married, 13.57% are divorced or separated, 36.29% are single and 7.89% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,452. The median monthly mortgage repayment for households in this suburb is $1,300 which is 20.15% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in New South Wales, Tumut 2720 provides a charming accommodation for its estimated 3,416 households. The picturesque suburb is somewhat of a strong contender in the Q3 2023 property market stakes.

    Tumut’s house prices typically sit at $500,018 as the median weekly rent remains $381, giving a solid indicative yield of 3.96%. This yield positions Tumut as a moderately attractive market place for cash-flow-focused property investors.

    When it comes to the socio-economic bearing of Tumut, the IRSAD score is 898 out of 1,217. While this isn’t the highest score around, it’s still an indication that there’s a reasonable level of economic resources and a fair share of skilled professions in the area.

    At a glance, Tumut’s renter to owner ratio resides at 32%. This implies that while the suburb isn’t dominated by owners, the rental market isn’t overly saturated either. This balance is a positive sign for prospective long-term investors.

    The unit to house ratio of 6% also shines a promising investment light on Tumut. A lower proportion of units compared to houses often leads to reduced competition amongst landlords, supporting longer tenancy periods and higher rental yields.

    Housing affordability in Tumut indicates that it would take roughly 30 years to own a property outright, based on current interest rates and median family income. This suggests that the market still holds a reasonable level of affordability.

    The stock on market percentage for houses is a low 0.33%, which is regarded as favourable and indicative of low supply. This scenario can often stimulate competition and elevate house prices.

    Inventory levels sit comfortably at 1.76 months, signifying a strong resident interest. With the building approvals ratio for houses at 0.33%, it points towards measured growth in the new dwelling stock.

    One potential area of concern may lie in the days on market (DOM) for houses, which is calculated at 60. Though this doesn’t indicate a heated market, it doesn’t signal a notably cooled one either.

    However, Tumut’s combined vacancy rate for houses and units is incredibly low at 0.55%, reinforcing high demand. The buy search index for houses rests at 3, which is at the lower end but doesn’t entirely indicate a lack of demand.

    In summary, Tumut 2720 presents a reasonably attractive property market portfolio in Q3 2023. While a few statistics rest on the lower end of the ‘favourable’ spectrum, the majority stay comfortably within it. Investors and buyers should keep a close eye on market trends and supporting information in the area.

    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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