Bega is a mid-sized suburb in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 5,013, the suburb has an established demographic with a median age of 43. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are labourers, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Bega is $578,000, having declined 6.9% over the past year. Units have a median price of $475,000 (-18.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,408.
Bega is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 86 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Bega offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($578K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -6.9% year-on-year.
Bega is a mid-sized suburb in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 5,013, the suburb has an established demographic with a median age of 43. Households earn a median income of $62K per year, with an average household size of 2.3 people. The most common occupations are labourers, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Bega is $578,000, having declined 6.9% over the past year. Units have a median price of $475,000 (-18.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,408.
Bega is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 86 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Bega offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($578K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -6.9% year-on-year.