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. 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 retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Bannaby stand at $629,000, having surged by 65.5% over the last twelve months. The current median weekly rent is $520. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $2,167.
The crime rate in the Upper Lachlan Shire LGA is low at 1,619 incidents per 100,000 population.
Looking at the investment signals, Bannaby shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices sit below the state median ($629K/$1.5M), which can point to relative value. The price-to-income ratio of 10.8x is considered stretched. House prices have moved +65.5% year-on-year.