Tumbarumba Market Update 2 nd H a l f 2 0 2 5
OVERVIEW
In 1H 2025, Tumbarumba* recorded a median house price of $405,000 and a median land price of $145,000. This represents an annual (1H 2024 – 1H 2025) growth of 8.0% for houses a significant decline for land – which is not unusual for a very small land market. Comparing 1H 2024 and 1H 2025, total sales increased by 15.8% (to 22 sales) for houses and declined to only 2 sales for land. This confirms a highly demanded house market, which created a buffer against higher interest rates and has benefitted from the latest cash rate cuts. Further, house price growth in the past 6 months (to 1H 2025) was high, at 12.8%. Now is an ideal time for owners to capitalise on their investments. Without any new stock planned, buyers must act fast.
CHANGE FROM LAST
YEAR
FUTURE DEVELOPMENTS Tumbarumba£ will see approximately $3.3B of new projects commencing construction between 2020 and 2026. Infrastructure $5.7M
HALF YEAR
HOUSE SALE S HOUSE ME DIAN PRICE
Commercial $3.3B
HOUSE RE NTAL PRICE
LAND SALE S LAND ME DIAN PRICE
The largest project to commence is the HumeLink ($3.3B). This significant project is constructed by Transgrid and will involve the construction of a 550kV 365 kilometres transmission line, connecting the towns of Wagga Wagga, Bannaby and Maragle.
$ MARKET CONDITIONS SALES
MEDIAN PRICE 1H 2025
$405K
$145K
MEDIAN PRICE 1H 2025
$405
AVERAGE DAYS ON MARKET 1H 2025
148
N/A
HOUSE
U N I T
RENTALS
N/A
AVERAGE DAYS ON MARKET 1H 2025
36
N/A
HOUSE
U N I T
This project will benefit regional NSW by creating 1,600 construction jobs and opportunities for a wide range of businesses, as well as emphasising community engagement within the region. The HumeLink will expand the Snowy Hydro Scheme and enable energy sharing in the Eastern States. There are few infrastructure projects planned, focusing on improving bridges in the area. This will improve liveability for locals. Combined with commercial projects this can attract more people to live in Tumbarumba. Snow View Estate Stage 3 is the only residential project recorded, adding 18 land lots. However, these are not currently developed, but available for sale. Without any new stand-alone ready-to-sell stock planned, there will be more undersupply in the market. This will push median house prices up.