Balfours Peak is a quiet locality in New South Wales within the Gwydir local government area (postcode 2403). With a population of 45, the suburb has an established demographic with a median age of 43. Households earn a median income of $53K per year, with an average household size of 3 people. The most common occupations are managers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Balfours Peak is $2.5 million, having dropped significantly 30.2% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $500.
Public transport access includes 5 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Balfours Peak offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 46.6x is considered stretched. House prices have moved -30.2% year-on-year.
Balfours Peak is a quiet locality in New South Wales within the Gwydir local government area (postcode 2403). With a population of 45, the suburb has an established demographic with a median age of 43. Households earn a median income of $53K per year, with an average household size of 3 people. The most common occupations are managers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Balfours Peak is $2.5 million, having dropped significantly 30.2% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 0.7%. The median monthly mortgage repayment is $500.
Public transport access includes 5 bus stops. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Balfours Peak offers a gross rental yield of 0.7%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 46.6x is considered stretched. House prices have moved -30.2% year-on-year.