Barragga Bay is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2546). With a population of 91, the suburb has an older demographic with a median age of 63. Households earn a median income of $62K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Barragga Bay is $2.0 million, having surged 70.4% over the past year. The current median weekly rent is $435. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $1,950.
Public transport access includes 4 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Barragga Bay offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 33.1x is considered stretched. House prices have moved +70.4% year-on-year.
Barragga Bay is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2546). With a population of 91, the suburb has an older demographic with a median age of 63. Households earn a median income of $62K per year, with an average household size of 2.1 people. The most common occupations are community & personal service, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Barragga Bay is $2.0 million, having surged 70.4% over the past year. The current median weekly rent is $435. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $1,950.
Public transport access includes 4 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Barragga Bay offers a gross rental yield of 1.1%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 33.1x is considered stretched. House prices have moved +70.4% year-on-year.