Tumut is the Snowy Mountains' gateway town — a beautiful Snowy River valley community on the edge of the Kosciuszko National Park where Tumut's pine plantation timber industry, the extraordinary Blowering Reservoir recreation area, and proximity to the Snowy 2.0 Pumped Hydro project's multi-billion dollar construction workforce create significant employment and rental demand. Its improving fortunes from the Snowy 2.0 project (which will house thousands of workers in the region through to 2028), affordability at sub-$520K, and remarkable lifestyle value create an unusual opportunity. At the current $520k median house price, an 80% loan at 6.25% over 30 years is about $2,561 per month.
| Median house price | $520,000 |
|---|---|
| Median unit price | $380,000 |
| Estimated monthly repayment | $2,561 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 7.5% |
| Gross rental yield | 6% |
| Typical days on market | 18 |
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