Tumut Plains is a quiet locality in New South Wales within the Snowy Valleys local government area (postcode 2720). With a population of 70, the suburb has a mature demographic with a median age of 46. Households earn a median income of $126K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Tumut Plains is $620,000, having dropped significantly 21% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,867.
Public transport access includes 10 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Tumut Plains offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($620K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -21.0% year-on-year.
Tumut Plains is a quiet locality in New South Wales within the Snowy Valleys local government area (postcode 2720). With a population of 70, the suburb has a mature demographic with a median age of 46. Households earn a median income of $126K per year, with an average household size of 2.9 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Tumut Plains is $620,000, having dropped significantly 21% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,867.
Public transport access includes 10 bus stops. The crime rate in the Snowy Valleys LGA is below average at 3,277 incidents per 100,000 population.
From an investment perspective, Tumut Plains offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($620K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -21.0% year-on-year.