Backwater is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2365). With a population of 19, the suburb has an older demographic with a median age of 64. Households earn a median income of $47K per year, with an average household size of 1.9 people. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Backwater is $4.1 million, having surged 409900% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 0.6%.
Public transport access includes 3 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Backwater offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($4.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 87.6x is considered stretched. House prices have moved +409900.0% year-on-year.
Backwater is a quiet locality in New South Wales within the Armidale Regional local government area (postcode 2365). With a population of 19, the suburb has an older demographic with a median age of 64. Households earn a median income of $47K per year, with an average household size of 1.9 people. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Backwater is $4.1 million, having surged 409900% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 0.6%.
Public transport access includes 3 bus stops. The crime rate in the Armidale Regional LGA is moderate at 6,478 incidents per 100,000 population.
From an investment perspective, Backwater offers a gross rental yield of 0.6%, rated as low yield. Property prices are above the state median ($4.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 87.6x is considered stretched. House prices have moved +409900.0% year-on-year.