Located in New South Wales within the Upper Lachlan Shire local government area, Bannister is a small, quiet locality (postcode 2580). The area has roughly 141 residents and an older-leaning population, with a median age of 52. Households earn a median income of $117K per year, with an average household size of 2.4 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 healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Bannister stand at $895,000, having jumped by 94.6% over the last twelve months. The current median weekly rent is $520. This gives a gross rental yield of approximately 3.0%. 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 1,619 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.0% (moderate yield). Property prices sit below the state median ($895K/$1.5M), which can point to relative value. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +94.6% year-on-year.