Located in New South Wales within the Snowy Valleys local government area, Tooma is a quiet locality (postcode 2642). It is home to about 66 residents, with an older-leaning population and a median age of 49. Households earn a median income of $111K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, professionals, community & personal service. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are Australian, English, Scottish.
Tooma has a median house price of $300,000, which has jumped by 46.3% year-on-year. The current median weekly rent is $420. This gives a gross rental yield of approximately 7.3%. 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 3,281 incidents per 100,000 population.
Looking at the investment signals, Tooma shows a gross rental yield of approximately 7.3%, rated as high yield. Property prices sit below the state median ($300K/$1.5M), which can point to relative value. The price-to-income ratio of 2.7x is considered affordable. House prices have moved +46.3% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.