Located in New South Wales within the Wollondilly local government area, Bargo is a smaller suburb (postcode 2574). The area has roughly 4,516 residents and an established family demographic, with a median age of 41. Households earn a median income of $90K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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 technicians & trades, clerical & administrative, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Bargo stand at $1.3 million, having risen steeply by 26.6% over the last twelve months. Units have a median price of $467,000 (-7.5% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,167.
Bargo is served by 1 school, including 1 primary. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 142 bus stops. The crime rate in the Wollondilly LGA is low at 1,609 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.3%, which reads as moderate yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 14.0x is considered stretched. House prices have moved +26.6% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.