Located in New South Wales within the Tamworth Regional local government area, Bective is a small, quiet locality (postcode 2340). The area has roughly 194 residents and an older-leaning population, with a median age of 49. Households earn a median income of $82K per year, with an average household size of 2.4 people. 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 Australian, English, Irish.
The median house price in Bective is $1.0 million, having moved lower by 7.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,167.
Public transport access includes 24 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.4%, which reads as low yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 12.5x is considered stretched. House prices have moved -7.5% year-on-year.