Babinda is a quiet locality in New South Wales within the Bogan local government area (postcode 2825). With a population of 14, the suburb has an older demographic with a median age of 59. Households earn a median income of $98K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers. The top ancestries reported are English, Australian.
The median house price in Babinda is $261,000, having dropped significantly 90.2% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 9.6%. The median monthly mortgage repayment is $750.
The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Babinda offers a gross rental yield of 9.6%, rated as high yield. Property prices sit below the state median ($261K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.7x is considered affordable. House prices have moved -90.2% year-on-year.
Babinda is a quiet locality in New South Wales within the Bogan local government area (postcode 2825). With a population of 14, the suburb has an older demographic with a median age of 59. Households earn a median income of $98K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers. The top ancestries reported are English, Australian.
The median house price in Babinda is $261,000, having dropped significantly 90.2% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 9.6%. The median monthly mortgage repayment is $750.
The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
From an investment perspective, Babinda offers a gross rental yield of 9.6%, rated as high yield. Property prices sit below the state median ($261K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.7x is considered affordable. House prices have moved -90.2% year-on-year.