Tumbarumba Market Update 2 nd H a l f 2 0 2 6
OVERVIEW
In 1H 2026, Tumbarumba* recorded a median house price of $427,000, and a median land price of $387,500. This represents an annual (1H 2025 – 1H 2026) price stabilisation, whilst the number of houses sales declined by -9.1% (to 20 sale in 1H 2026). Vacant land prices have surged 167.2% in the past 12 months, but there are very few sales, and fluctuations in price is common. A stable median house price represents a resilient market, which creates an opportunity for first home buyers. That said, without any new residential projects to commence from 2020 onwards the market is expected to shift into an undersupply, which will lead to price growth.
CHANGE FROM LAST
YEAR
HALF YEAR
FUTURE DEVELOPMENTS** Tumbarumba will see approximately $3.3B of new developments due to commence construction from 2020 onwards.
Infrastructure $5.7M
HOUSE SALE S HOUSE ME DIAN PRICE Commercial
HOUSE RE NTAL PRICE
$3.3B
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. For Tumbarumba, this project will most likely impact Maragle (25mins away).
$ MARKET CONDITIONS MEDIAN PRICE 1H 2026
$427K
$388K
MEDIAN PRICE 1H 2026
$450
SALES
AVERAGE DAYS ON MARKET 1H 2026
133
125
HOUSE
L A N D
RENTALS
AVERAGE DAYS ON MARKET 1H 2026
47 HOUSE
This project will benefit Regional NSW by creating 1,600 construction jobs and opportunities for a wide range of businesses. The HumeLink will further expand the Snowy Hydro Scheme and enable energy sharing in the Eastern States, benefitting residents.
There are a few infrastructure projects planned, which focuses 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. There are no new residential projects set to commence construction in 2020-2026. Without any new standalone ready-to-sell stock planned, a house market undersupply is highly likely. This will push median house prices up even further.