Located in New South Wales within the Bega Valley local government area, Berrambool is a small, quiet locality (postcode 2548). With a population of 486, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $59K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 technicians & trades, professionals, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Median house prices in Berrambool stand at $799,000, having risen modestly by 1.1% over the last twelve months. Units have a median price of $568,000 (-13.4% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,517.
Public transport access includes 6 bus stops. The crime rate in the Bega Valley LGA is below average at 2,313 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.1% (moderate yield). Property prices sit below the state median ($799K/$1.5M), which can point to relative value. The price-to-income ratio of 13.5x is considered stretched. House prices have moved +1.1% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.