Tu m u t M a r ke t U p d a t e 2nd Half 2026
O V E RV I E W
In Q2 2026, Tumut* recorded a median house price of $450,000 and a median land price of $125,000. This is a slight price softening of -1.1% in the past 12 months (Q2 2025 – Q2 2026) for houses, which is reflective of the current higher interest rate environment. That said, house sales increased by 5.6% sales (to 57 sales in Q2 2026), suggesting buyer demand remain high. Vacant land prices have decreased -25.0% to $125,000 into Q2 2026, however the vacant land market is extremely small at only 6 sales in Q2 2026. A slightly more affordable house price suggest that now is an ideal time for first home buyers to enter the market; especially as there is only a small number of new houses in the construction pipeline. CHANGE FROM YEAR HALF
LAST HOUSE S ALES
FUTURE D E V E LO P M E N T S * Tumut will see approximately $560.8M * of new projects due to commence construction between 2024 and 2027. Residential
Mixed Use
YEAR
HOUS E M EDIA N PR IC E
Infrastructure
HOUSE R ENTAL PRICE L A ND S A LES L A ND MEDIAN PRIC E
The significant influx of infrastructure developments set to commence in Tumut will stimulate economic growth through local job creation in the construction process and improve liveability for residents in the long run.
$
This in turn can attract more people to live in Tumut, which will have a spill over effect of increasing housing demand.
MARKET CONDITIONS MEDIAN PRICE Q2 2026
$450K
$125K
MEDIAN PRICE Q2 2026
$465
SALES
A V E R A G E D AY S ON MARKET Q2 2026
11 H O5 USE
19 L A3N D
S R E N T A L SO NAMV EA RRAKGE ET QD AY 2 2026
$332
27
24
HOUSE
U N I T
There only two residential projects due to commence construction between 2024 and 2027, which are •
140 Lambie Street Units (3 Units)
•
Lot 9 Fitzroy Street Dwellings (6 Dwellings)
The incoming residential stock will not be enough, compared to the 57 house sales in Q2 2026. Therefore, Tumut will be undersupplied, which will lead to more price growth, for all property types (not just houses).
6 3 Units/ Apartments
Dwellings