Biala is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2581). With a population of 84, the suburb has an established demographic with a median age of 38. Households earn a median income of $111K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Biala is $1.9 million, having surged 54.1% over the past year. The median weekly rent is $230 (Census 2021). This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $5,042.
Public transport access includes 7 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Biala offers a gross rental yield of 0.6%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved +54.1% year-on-year.
Biala is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2581). With a population of 84, the suburb has an established demographic with a median age of 38. Households earn a median income of $111K per year, with an average household size of 2.8 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Biala is $1.9 million, having surged 54.1% over the past year. The median weekly rent is $230 (Census 2021). This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $5,042.
Public transport access includes 7 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Biala offers a gross rental yield of 0.6%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved +54.1% year-on-year.