Barangaroo (postcode 2000) is a sparsely populated locality in New South Wales within the Sydney local government area. The area has roughly 220 residents and an established demographic, with a median age of 40. Households earn a median income of $239K per year, with an average household size of 1.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. 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, clerical & administrative. Employment in the area leans toward finance & insurance and professional services. The top ancestries reported are Chinese, English, Australian.
Median house prices in Barangaroo sit at $2.1 million, little changed on a year ago. Units have a median price of $4.3 million (-17% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $8,834.
The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.