Barooga is a small community in New South Wales within the Berrigan local government area (postcode 3644). With a population of 1,888, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $72K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 labourers, managers, technicians & trades. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are English, Australian, Irish.
Barooga has a median house price of $550,000, which has risen steeply by 27.8% year-on-year. Units have a median price of $325,000 (+4% YoY). The median weekly rent is $260 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,387.
Barooga is served by 1 school, including 1 primary. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 32 bus stops. The crime rate in the Berrigan LGA is below average at 2,615 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices sit below the state median ($550K/$1.5M), which can point to relative value. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +27.8% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.