Located in New South Wales within the Murray River local government area, Barham is a small locality (postcode 2732). The area has roughly 1,569 residents and an older demographic, with a median age of 58. Households earn a median income of $52K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% 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, labourers, technicians & trades. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Irish.
Barham has a median house price of $440,000, which has fallen by 5.4% year-on-year. Units have a median price of $331,000 (+10.3% YoY). The current median weekly rent is $185. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,148.
Barham is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 1 rail station, 37 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Murray River LGA is below average at 3,467 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices sit below the state median ($440K/$1.5M), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -5.4% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.