Tumbarumba is NSW's slowest selling housing market: Investar

Tumbarumba is NSW's slowest selling housing market: Investar
Tumbarumba is NSW's slowest selling housing market: Investar

Tumbarumba is ranked the NSW location where it is the slowest to sell a house, according to Investar’s latest market report.

The property investment firm states that an average house at Tumbarumba can expect to be on the market for 1028 days before being sold.

This is followed by Glenn Innes 653 days and Tea Gardens at 605 days.

Suburb Postcode Dwelling type Bedrooms Days on market
Tumbarumba 2653 House 3 1028
Glenn Innes 2370 House 2 653
Tea Gardens 2324 House 3 605
Tumut 2720 House 3 552
Jindabyne 2627 House 3 538

This list was produced using live on the market sales listing data.

It is also calculated at both a dwelling type and bedroom number level. It is designed to identify the slowest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.

High average days on market indicates that the market is turning over stock slowly which may indicate that demand is weaker than supply creating a stronger negotiation point for buyers.

Houses for sale at Tumbarumba at the median price of $212,500 include a three bedroom home at 10 Power Street (above) that is for sale for $215,000. It has been for sale since September, but had been up for sale for much of 2014. It last sold at $175,000 in 2010.

Similarly a three bedroom home at 23 Bell Street (below) is for sale for $210,000. It was listed in July.

Tumbarumba is NSW's slowest selling housing market: Investar

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New South Wales House Market Investar

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