Located in New South Wales within the Snowy Valleys local government area, Tumbarumba is a small community (postcode 2653). With a population of 1,915, the suburb has a settled, mature resident base with a median age of 47. Households earn a median income of $65K per year, with an average household size of 2.3 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 labourers, community & personal service, machinery operators & drivers. Employment in the area leans toward manufacturing and agriculture. The top ancestries reported are Australian, English, Scottish.
The median house price in Tumbarumba is $435,000, having climbed sharply by 16% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 5.0%. 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 3,281 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.0% (high yield). Property prices sit below the state median ($435K/$1.5M), which can point to relative value. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +16.0% 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.