Tumut Property Market Update 2nd Half 2026
Tumut is in the picturesque Snowy Valley of New South Wales, about a 2 hour drive from Canberra. It offers a delightful blend of natural beauty and rich history. Tumut is the gateway to the Snowy Mountains and a haven for outdoor enthusiasts. With a mix of country charm, natural beauty and modern convinces, Tumut is ideal for families.
Property Trends
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 rates in 2026. That said, house sales increased by 5.6% sales (to 57 sales in Q2 2026), suggesting buyer demand is 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 buyers to transact; especially as there is only a small number of new houses in the construction pipeline.
Project Development
Tumut will see approximately $560.8M of new projects commencing from 2024-2027. The largest project due to commence is the Talbingo Battery Energy Storage System ($500.0M). This will help reliable renewable energy to the area, as well as stimulate the local economy through local job creation. There are only 3 units planned in the 2026 pipeline, which is not enough to fulfill current demand. The reliance on available stock will remain, with a potential undersupply likely putting price pressures on all stock types.
Rental Market & Growth
House rental yields in Tumut were 4.1% in June 2026, slightly above Snowy Valley LGA (3.9%) and well above Sydney Metro (3.0%). This was paired with a 3.3% increase in median house rental price in the past 12 months to Q2 2026, at $465 per week. The number of houses rented also increased, by 47.4% in the past 12 months, to 28 rentals in Q2 2026. A higher rental price and more houses rented suggests high demand. This will benefit investors, especially those looking for a more affordable investment option compared to Sydney Metro.
Vacancy Rates & Property Investment
Tumut recorded a vacancy rate of 0.8% in June 2026, lower than the Snow Valley LGA 1.8% and Sydney Metro 1.6% average. Further, a 0.8% vacancy rate is significantly below the 3.0% benchmark, suggesting quicker occupancy of rental homes in Tumut. This is a conducive environment for investors, especially as the median house sales price (thus, entry price) is slightly more affordable in the past 12 months to Q2 2026.
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