The median house price in Tumut during Q4 2018 was $222,500, whilst the median vacant land price was $101,500. This represents annual (Q4 2017 – Q4 2018) price growth of -7.3% (house) and 12.8% (land). The Tumut 2nd Half 2018 Research Factsheet reported growth of 7.2% (house) and -5.2% (land) annually to Q2 2018. Comparing growth levels, houses in Tumut have become more affordable, whilst land has strengthened in value. Sellers can capitalise on vacant land value upswing, whilst buyers have an opportunity to purchase homes in a cooler market.
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