Bangalow is a smaller suburb in New South Wales within the Byron local government area (postcode 2479). With a population of 2,752, the suburb has an established demographic with a median age of 40. Households earn a median income of $109K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Bangalow is $1.7 million, having dipped slightly 0.6% over the past year. Units have a median price of $1.1 million (+10% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,170.
Bangalow is served by 1 school, including 1 primary. The average ICSEA score is 1088, which is above the national average of 1,000. Public transport access includes 2 rail stations, 35 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Bangalow offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 15.3x is considered stretched. House prices have moved -0.6% year-on-year.
Bangalow is a smaller suburb in New South Wales within the Byron local government area (postcode 2479). With a population of 2,752, the suburb has an established demographic with a median age of 40. Households earn a median income of $109K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Bangalow is $1.7 million, having dipped slightly 0.6% over the past year. Units have a median price of $1.1 million (+10% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,170.
Bangalow is served by 1 school, including 1 primary. The average ICSEA score is 1088, which is above the national average of 1,000. Public transport access includes 2 rail stations, 35 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Bangalow offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 15.3x is considered stretched. House prices have moved -0.6% year-on-year.