Bellingen (postcode 2454) is a compact suburb in New South Wales within the Bellingen local government area. The area has roughly 3,923 residents and a settled mid-life population, with a median age of 44. Households earn a median income of $66K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Bellingen stand at $849,000, having moved higher by 2.3% over the last twelve months. Units have a median price of $410,000 (+2.9% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,477.
Bellingen is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 50 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bellingen LGA is below average at 3,605 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.6% (moderate yield). Property prices sit below the state median ($849K/$1.5M), which can point to relative value. The price-to-income ratio of 12.9x is considered stretched. House prices have moved +2.3% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.