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Tusmore suburb profile

Tusmore is a prestigious suburb located in Adelaide's eastern suburbs, known for its leafy streets and elegant homes. Situated just 5km from the city centre, it offers a tranquil residential setting with convenient access to urban amenities. Tusmore Park is a key feature, providing residents with green space, playgrounds, and a popular swimming pool. The suburb is characterized by its well-preserved heritage homes and modern residences, attracting families and professionals seeking a peaceful yet connected lifestyle. With its proximity to quality schools, shopping precincts, and public transport, Tusmore remains a highly sought-after location.

Tusmore property market performance

Tusmore’s property market has experienced significant growth in house values over the past 12 months, with an impressive increase of 27.8%. However, unit values have remained stable, showing no change. Despite the growth in house values, the median house price is currently recorded at $0, indicating potential data anomalies or limited transactions. The market activity has been relatively low, with only 7 houses and 2 units sold in the past year.

Houses in Tusmore have a median time on market of 50 days, while units have not been on the market long enough to establish a median. The rental market has seen stability for houses, with no change in average rent, while unit rents have increased by 6.2%, suggesting a growing demand for rental units in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
27.8%N/A
Sold
Past 3 months
72
Median days on market
Past 12 months
50N/A
Average rent
Past 12 months
$760$550
Change in rent
Past 12 months
-5.0%6.2%

5 year median price trend for houses and units

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Tusmore demographics

Tusmore, a charming suburb located in Adelaide, is known for its leafy streets and tranquil atmosphere. With a population of 1,503, it offers a close-knit community feel, making it an attractive choice for families and retirees. The median age of 45 suggests a mature population, with many residents enjoying the suburb's peaceful environment and proximity to essential amenities.

The suburb's housing landscape is characterized by a high rate of home ownership, with 45.2% of properties owned outright and 30.8% owned with a mortgage. This reflects a stable and established community, with many long-term residents. The rental market is relatively small, with only 24% of properties being rented, indicating a preference for home ownership among the residents.

Family life is a significant aspect of Tusmore, with 48.7% of households being couple families with children and 38.5% being couple families without children. The presence of quality schools and parks adds to its appeal for families. The suburb's median total household income of $2,298 per week is indicative of a comfortable lifestyle, supported by the area's amenities and services. Tusmore's blend of suburban tranquility and accessibility to Adelaide's city center makes it a desirable location for those seeking a balanced lifestyle.

Tusmore infrastructure, key developments and investment opportunities

Tusmore benefits from established amenities and ongoing investment in nearby centres, with proximity to Burnside Village and local shopping strips continuing to enhance its appeal for both families and professionals.[5] The suburb’s access to a range of well-regarded public and private schools in the surrounding area, along with childcare options along Portrush Road, underpins strong demand from family buyers and supports premium pricing.[2][5]

Transport connectivity remains a key strength, with Tusmore’s inner-east location providing straightforward access to the CBD and Adelaide Hills, which is attractive to commuters and professionals.[5][6] There are currently no widely publicised major new infrastructure or redevelopment projects specific to Tusmore, so its property market is largely driven by its blue-chip character housing, leafy streets, and proximity to established amenities rather than short-term development-led change.[5][6]

Tusmore rental market trends

The rental market in Tusmore has shown stability, with house rents remaining unchanged over the past year at $760 per week. In contrast, unit rents have experienced a 6.2% increase, reaching $550 per week. This suburb continues to attract renters with its appealing lifestyle and proximity to amenities, making it a desirable location for both residents and investors.

Suburbs near Tusmore

Some popular suburbs near Tusmore include:

How does Tusmore compare to nearby suburbs?

  • House price growth: Over the past 12 months, house prices in Tusmore have grown 29.4% higher than in Hazelwood Park.
  • Selling speed for houses: Properties in Tusmore are selling 38.3% faster than in Burnside.
  • Investment considerations: In Tusmore, the rental yield for house is 20.6% higher than the Adelaide average, while the rental yield for units is 12.0% higher.
  • House price growth: Over the past 12 months, house prices in Tusmore have grown 151.4% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Tusmore have grown 38.2% higher than the average rate of growth for units across Adelaide.

Common questions about Tusmore

  • Is Tusmore a nice place to live?

    Tusmore is a delightful suburb that offers a serene and sophisticated living environment, making it a wonderful place to call home. Nestled in Adelaide's eastern suburbs, it boasts a peaceful atmosphere with its tree-lined streets and beautifully maintained homes. The suburb exudes a charming vibe, appealing to those who appreciate a blend of tranquility and convenience. With its close proximity to the city, residents enjoy easy access to a range of urban amenities, including shopping, dining, and cultural attractions, while still being able to retreat to a quiet and picturesque neighborhood.

    Families find Tusmore particularly appealing due to its strong community feel and the presence of excellent schools and parks. The suburb's green spaces, such as the popular Tusmore Park, provide ample opportunities for outdoor activities and family gatherings. Safety is generally not a concern, contributing to the suburb's reputation as a family-friendly haven. While Tusmore offers a peaceful lifestyle, it may not cater to those seeking a vibrant nightlife or the hustle and bustle of inner-city living. However, its charm lies in its ability to offer a balanced lifestyle with the benefits of suburban living and city accessibility.

    One trade-off of living in Tusmore is the premium pricing associated with its prestigious character and desirable location. The suburb's housing market is competitive, reflecting its status as a sought-after area. Despite this, the investment is often seen as worthwhile due to the quality of life it provides. For those who value a harmonious blend of suburban tranquility and urban convenience, Tusmore stands out as a truly nice place to live.

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  • Is it expensive to live in Tusmore?

    Living in Tusmore can be considered expensive, especially when you look at the rental market. While the current median house and unit prices aren't available, the average rent gives us a good indication of the cost of living. Renting a house in Tusmore averages around $760 per week, and units are slightly more affordable at $550 per week. This can be a significant portion of your income, particularly when compared to the average personal wage in Adelaide, which is about $56,000 per year or roughly $1,090 per week.

    Comparing these figures with the median total household income in Tusmore, which is $2,298 per week, it's clear that the area is tailored more towards households with dual incomes or higher earning individuals. While the suburb offers the charm and convenience of inner-city living, those considering a move to Tusmore should carefully evaluate their financial situation to ensure they can comfortably manage the rental costs along with other living expenses.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Tusmore a good place to invest?

    Tusmore is an intriguing suburb for potential investors, especially given the impressive 27.8% increase in median house values over the past year. This significant growth suggests a strong demand for houses, making it an attractive option for those looking to capitalize on property appreciation. The suburb's appeal is likely driven by its desirable location, community atmosphere, and the quality of life it offers to residents.

    While the median unit values have remained stable, the 6.2% increase in rent for units indicates a growing demand for rental properties, which could provide a steady income stream for investors. This trend suggests that while units may not have experienced the same capital growth as houses, they still offer potential for rental yield, making them a viable investment option.

    Overall, Tusmore presents a compelling opportunity for investors seeking capital growth in houses and rental income from units. Its recent performance and the balance between house value appreciation and rental demand make it a suburb worth considering for a well-rounded investment portfolio.

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Choose the right real estate agents in Tusmore

Currently, there are 26 real estate agents working in Tusmore—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 26 agents sold 25.0% of all properties in Tusmore over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Tusmore typically charge a commission of 1.13% to 2.5%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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