Bannaby is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2580). With a population of 47, the suburb has a mature demographic with a median age of 52. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Bannaby is $448,000, having grown strongly 7.1% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $2,167.
The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Bannaby offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($448K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +7.1% year-on-year.
Bannaby is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2580). With a population of 47, the suburb has a mature demographic with a median age of 52. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Bannaby is $448,000, having grown strongly 7.1% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $2,167.
The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Bannaby offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($448K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +7.1% year-on-year.