Bago is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2446). With a population of 45, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $108K per year, with an average household size of 3.4 people. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Bago is $2.0 million, having surged 70% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,167.
The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Bago offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.8x is considered stretched. House prices have moved +70.0% year-on-year.
Bago is a quiet locality in New South Wales within the Port Macquarie-Hastings local government area (postcode 2446). With a population of 45, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $108K per year, with an average household size of 3.4 people. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Bago is $2.0 million, having surged 70% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,167.
The crime rate in the Port Macquarie-Hastings LGA is below average at 3,538 incidents per 100,000 population.
From an investment perspective, Bago offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.8x is considered stretched. House prices have moved +70.0% year-on-year.