Bangalee is a small community in New South Wales within the Shoalhaven local government area (postcode 2541). With a population of 818, the suburb has a mature demographic with a median age of 46. Households earn a median income of $113K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Bangalee is $1.3 million, having dropped significantly 9% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,167.
Public transport access includes 14 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Bangalee offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.1x is considered stretched. House prices have moved -9.0% year-on-year.
Bangalee is a small community in New South Wales within the Shoalhaven local government area (postcode 2541). With a population of 818, the suburb has a mature demographic with a median age of 46. Households earn a median income of $113K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Bangalee is $1.3 million, having dropped significantly 9% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,167.
Public transport access includes 14 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Bangalee offers a gross rental yield of 2.2%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 11.1x is considered stretched. House prices have moved -9.0% year-on-year.