Located in New South Wales within the Snowy Valleys local government area, Tumut is a moderately sized suburb (postcode 2720). The area has roughly 6,613 residents and an established demographic, with a median age of 42. 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, technicians & trades, professionals. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Tumut stand at $452,000, having declined steeply by 12.3% over the last twelve months. Units have a median price of $362,000 (-2.3% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Tumut is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 933, which is below the national average of 1,000. Public transport access includes 124 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.
Looking at the investment signals, Tumut shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices sit below the state median ($452K/$1.5M), which can point to relative value. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -12.3% 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.