Tumbarumba is a small community in New South Wales within the Snowy Valleys local government area (postcode 2653). With a population of 1,915, the suburb has a mature demographic with a median age of 47. Households earn a median income of $65K per year, with an average household size of 2.3 people. The most common occupations are labourers, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Tumbarumba is $260,000, having dropped significantly 38.1% over the past year. Units have a median price of $320,000 (+48.8% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $1,165.
Tumbarumba is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 66 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Tumbarumba offers a gross rental yield of 8.6%, rated as high yield. Property prices sit below the state median ($260K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved -38.1% year-on-year.
Tumbarumba is a small community in New South Wales within the Snowy Valleys local government area (postcode 2653). With a population of 1,915, the suburb has a mature demographic with a median age of 47. Households earn a median income of $65K per year, with an average household size of 2.3 people. The most common occupations are labourers, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Scottish.
The median house price in Tumbarumba is $260,000, having dropped significantly 38.1% over the past year. Units have a median price of $320,000 (+48.8% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $1,165.
Tumbarumba is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 66 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Tumbarumba offers a gross rental yield of 8.6%, rated as high yield. Property prices sit below the state median ($260K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved -38.1% year-on-year.