Bara is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 19, the suburb has a mature demographic with a median age of 51. Households earn a median income of $59K per year, with an average household size of 1.8 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are Australian, English.
The median house price in Bara is $146,000, having dropped significantly 53% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 21.9%. The median monthly mortgage repayment is $2,054.
The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Bara offers a gross rental yield of 21.9%, rated as high yield. Property prices sit below the state median ($146K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved -53.0% year-on-year.
Bara is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 19, the suburb has a mature demographic with a median age of 51. Households earn a median income of $59K per year, with an average household size of 1.8 people. The most common occupations are managers, machinery operators & drivers, professionals. The top ancestries reported are Australian, English.
The median house price in Bara is $146,000, having dropped significantly 53% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 21.9%. The median monthly mortgage repayment is $2,054.
The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Bara offers a gross rental yield of 21.9%, rated as high yield. Property prices sit below the state median ($146K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved -53.0% year-on-year.