Bean Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 56, the suburb has an older demographic with a median age of 59. Households earn a median income of $40K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Bean Creek is $703,000, having dipped slightly 1.4% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 3.6%. 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 2,306 incidents per 100,000 population.
From an investment perspective, Bean Creek offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($703K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.7x is considered stretched. House prices have moved -1.4% year-on-year.
Bean Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2469). With a population of 56, the suburb has an older demographic with a median age of 59. Households earn a median income of $40K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Bean Creek is $703,000, having dipped slightly 1.4% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 3.6%. 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 2,306 incidents per 100,000 population.
From an investment perspective, Bean Creek offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($703K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 17.7x is considered stretched. House prices have moved -1.4% year-on-year.