Bannister is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2580). With a population of 141, the suburb has a mature demographic with a median age of 52. Households earn a median income of $117K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Bannister is $900,000, having dropped significantly 25% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,334.
Public transport access includes 14 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Bannister offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($900K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved -25.0% year-on-year.
Bannister is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2580). With a population of 141, the suburb has a mature demographic with a median age of 52. Households earn a median income of $117K per year, with an average household size of 2.4 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Bannister is $900,000, having dropped significantly 25% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,334.
Public transport access includes 14 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Bannister offers a gross rental yield of 2.9%, rated as low yield. Property prices sit below the state median ($900K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved -25.0% year-on-year.