Tumut is a mid-sized suburb in New South Wales within the Snowy Valleys local government area (postcode 2720). With a population of 6,613, the suburb has 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. The most common occupations are labourers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Tumut is $475,000, having declined 4.1% over the past year. Units have a median price of $372,000 (+0.4% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.4%. 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 3,277 incidents per 100,000 population.
From an investment perspective, Tumut offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -4.1% year-on-year.
Tumut is a mid-sized suburb in New South Wales within the Snowy Valleys local government area (postcode 2720). With a population of 6,613, the suburb has 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. The most common occupations are labourers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Tumut is $475,000, having declined 4.1% over the past year. Units have a median price of $372,000 (+0.4% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.4%. 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 3,277 incidents per 100,000 population.
From an investment perspective, Tumut offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($475K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -4.1% year-on-year.