Belfrayden is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). It is home to about 12 residents, with an older-leaning population and a median age of 54. Households earn a median income of $30K per year, with an average household size of 1.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 top ancestries reported are English, Australian, Irish.
Belfrayden has a median house price of $250,000, holding roughly steady year-on-year. The current median weekly rent is $540. This gives a gross rental yield of approximately 11.2%. The median monthly mortgage repayment is $867.
Public transport access includes 2 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,374 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 11.2% (high yield). Property prices sit below the state median ($250K/$1.5M), which can point to relative value. The price-to-income ratio of 8.4x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.