Question 1

Is Tumby Bay a nice place to live?

Accepted Answer

Tumby Bay is a relaxed coastal town on the eastern Eyre Peninsula, centred on its long timber jetty and wide sandy beaches. Life is shaped by the sea and the paddocks, with beach walks, fishing and laidback weekends common. Housing mixes older weatherboard and fibro cottages with holiday homes and newer beachside dwellings, and the population of 1,781 has a median age of 57. About three in four homes are owner-occupied, and couple families without children make up the largest family type, so it reads as a largely settled community that attracts families, retirees and people after a slower pace by the coast.

Day-to-day essentials are close at hand in a compact main street of shops, cafés and a pub, supported by caravan parks and boat ramps for recreational boating and fishing. Council and community projects are under way or planned for the foreshore and coastal protection, wetland restoration, hospital upgrades and improved airport lighting. Whether Tumby Bay suits you comes down to whether an established, slower-paced coastal town fits what you want.

Question 2

Is it expensive to live in Tumby Bay?

Accepted Answer

House rents in Tumby Bay are around $485 a week. Against a typical local household income of $1,058 a week as recorded at the last Census, that rent would take about 46% of a household's weekly income, which is a large share of income. If you are renting rather than buying, that rent share is the figure that matters on these numbers; whether it feels expensive will depend on your own income and circumstances.

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 Tumby Bay a good place to invest?

Accepted Answer

House values rose a strong 29.7% over the past 12 months in Tumby Bay, while the rent those houses earn increased a more modest 3.2% over the same period. The larger movement was clearly in house prices, with rental income for houses growing more slowly.

For someone weighing Tumby Bay up as an investment, these numbers show that capital growth was the dominant change for houses over the year, whereas rental income rose at a gentler pace. Which of those outcomes matters to you will depend on your own goals and circumstances.

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	29.7%	N/A
Sold Past 3 months	9	N/A
Median days on market Past 12 months	92	N/A
Average rent Past 12 months	$485	N/A
Change in rent Past 12 months	3.2%	N/A

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