Bangalow is a smaller residential area in New South Wales within the Byron local government area (postcode 2479). The area has roughly 2,752 residents and an established family 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Bangalow sit at $1.6 million, little changed on a year ago. Units have a median price of $1.2 million (+9.4% YoY). The current median weekly rent is $1075. This gives a gross rental yield of approximately 3.4%. 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 4,232 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.4%, which reads as moderate yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 14.9x is considered stretched. House prices have moved -0.1% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.