Located in New South Wales within the Yass Valley local government area, Bango is a small, quiet locality (postcode 2582). The area has roughly 122 residents and an established family demographic, with a median age of 43. Households earn a median income of $137K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, professionals, technicians & trades. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Bango is $1.0 million, broadly unchanged over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,479.
Public transport access includes 15 bus stops. The crime rate in the Yass Valley LGA is low at 1,642 incidents per 100,000 population.
Looking at the investment signals, Bango shows a gross rental yield of approximately 3.0%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 7.3x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.