Tusmore Short-Term Rental (Airbnb) Market
Tusmore SA Investment Analysis
BUY
— 4.9% gross yield on a $801,522 median.
THE MARKET
Tusmore has compounded at 5.7%/yr over 5 years — a house that cost $607,492 in 2021 is worth $801,522 today. Properties are sitting on market for 67 days (buyers have negotiating room). At the same growth rate, today's median reaches $1,057,524 by 2031.
- **Median house:** $801,522 | **Units:** $396,985 - **Gross yield:** 4.9% | **Net yield:** 3.4% - **5yr price CAGR:** 5.7%/yr | **3yr forecast:** 6.4%/yr - **Population:** 20,464 | **Owner-occupier rate:** 36% | **Affluence:** Very High
- **Supply pipeline:** Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- **Vacancy:** 1.7% (improving) | **Rental demand:** High - **Median weekly rent:** $760/wk | **Days on market:** 67 (worsening) - Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- **Median nightly rate:** $155/night | **Occupancy:** 64% - **Estimated annual STR gross:** ~$36,208/yr - **vs long-term rent:** $39,520/yr (comparable — LTR offers simpler management)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location
BULL CASE
If Tusmore maintains 3%+ annual growth and vacancy stays below 1.2%, median prices could reach $921,750 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Tusmore pull back 10-15% from $801,522, with vacancy rising to 3.1% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- **Adelaide CBD** (SA): $948,000 median, 3.6% yield, 7.7% 1yr growth - **Albert Park** (SA): $880,000 median, 3.7% yield, 13.5% 1yr growth - **Aldinga Beach** (SA): $790,000 median, 4.0% yield, 8.2% 1yr growth
THE PLAY
Tusmore presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 4.9% and prioritise properties with value-add potential. Consider timing entry around the current growth phase of the market cycle.
- Entry range: $721,370 – $881,674 - Minimum gross yield to target: 5.2% - Watch signal: vacancy staying below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.