Located in New South Wales within the Kyogle local government area, Bean Creek is a sparsely populated locality (postcode 2469). The area has roughly 56 residents and a more retirement-aged population, with a median age of 59. Households earn a median income of $40K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, professionals, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
The median house price in Bean Creek is $460,000, broadly unchanged over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $693.
Public transport access includes 6 bus stops. The crime rate in the Kyogle LGA is below average at 2,334 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.3% (moderate yield). Property prices sit below the state median ($460K/$1.5M), which can point to relative value. The price-to-income ratio of 11.6x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.