Located in New South Wales within the Gwydir local government area, Bangheet is a small, quiet locality (postcode 2404). With a population of 37, the suburb has a predominantly older resident base with a median age of 56. Households earn a median income of $81K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 managers, sales, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
Bangheet has a median house price of $1.5 million, holding roughly steady year-on-year. The current median weekly rent is $250. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,492.
Public transport access includes 4 bus stops. The crime rate in the Gwydir LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 0.9%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 18.0x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.