Barraba (postcode 2347) is a close-knit residential community in New South Wales within the Tamworth Regional local government area. The area has roughly 1,329 residents and a predominantly older resident base, with a median age of 58. Households earn a median income of $40K per year, with an average household size of 1.9 people. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Aboriginal Australian.
Barraba has a median house price of $260,000, which has declined by 5.8% year-on-year. The current median weekly rent is $340. This gives a gross rental yield of approximately 6.8%. 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 7,140 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 6.8% (high yield). Property prices sit below the state median ($260K/$1.5M), which can point to relative value. The price-to-income ratio of 6.4x is considered moderate. House prices have moved -5.8% year-on-year.