Question 1

Is Tumbulgum a nice place to live?

Accepted Answer

Tumbulgum is a small riverside village with a relaxed, village-by-the-water feel. Its compact main street of historic timber buildings leads down to a foreshore reserve used for picnics, boating and riverbank walks. The surrounding landscape is a patchwork of low-density residential lots and rural properties, so housing ranges from weatherboard cottages and renovated riverfront homes to larger acreage blocks.

About 454 people live in Tumbulgum, with a median age of 41 and a typical household income of $1,985 a week (roughly $103,200 a year). Families dominate the household mix and around four in five dwellings are owner-occupied (33.3% owned outright, 49.4% with a mortgage) while 17.3% are rented. The suburb has seen post-flood public works, including a rebuilt flood-resilient public school, community facility repairs and foreshore planning, and larger regional centres are a short drive away for services and shopping, so whether it suits you will come down to the lifestyle you want.

Question 2

Is it expensive to live in Tumbulgum?

Accepted Answer

There haven't been enough recent sales or rentals in Tumbulgum to publish reliable house or unit prices or rents. Without local price and rent figures, it's not possible to say how expensive it is to live in Tumbulgum compared with what households earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Tumbulgum a good place to invest?

Accepted Answer

House values in Tumbulgum rose 3.9% over the past 12 months, a modest increase in capital value. If capital growth is your priority, that house value movement is the most relevant figure here. There isn't enough recent data for units or for rents to report their 12-month changes, so the available numbers mainly reflect house price movement.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	3.9%	N/A
Sold Past 3 months	2	N/A
Median days on market Past 12 months	45	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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