Barraba is a small community in New South Wales within the Tamworth Regional local government area (postcode 2347). With a population of 1,329, the suburb has an older demographic with a median age of 58. Households earn a median income of $40K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Barraba is $351,000, having surged 40.4% over the past year. The current median weekly rent is $190. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $758.
Barraba is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 914, which is below the national average of 1,000. Public transport access includes 1 rail station, 41 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Barraba offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($351K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +40.4% year-on-year.
Barraba is a small community in New South Wales within the Tamworth Regional local government area (postcode 2347). With a population of 1,329, the suburb has an older demographic with a median age of 58. Households earn a median income of $40K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Barraba is $351,000, having surged 40.4% over the past year. The current median weekly rent is $190. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $758.
Barraba is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 914, which is below the national average of 1,000. Public transport access includes 1 rail station, 41 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Tamworth Regional LGA is moderate at 6,745 incidents per 100,000 population.
From an investment perspective, Barraba offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($351K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +40.4% year-on-year.