Tooma is a quiet locality in New South Wales within the Snowy Valleys local government area (postcode 2642). With a population of 66, the suburb has a mature demographic with a median age of 49. Households earn a median income of $111K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Tooma is $450,000, having dropped significantly 47.1% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,950.
Public transport access includes 3 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Tooma offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -47.1% year-on-year.
Tooma is a quiet locality in New South Wales within the Snowy Valleys local government area (postcode 2642). With a population of 66, the suburb has a mature demographic with a median age of 49. Households earn a median income of $111K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Tooma is $450,000, having dropped significantly 47.1% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,950.
Public transport access includes 3 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Tooma offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($450K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -47.1% year-on-year.