Biala is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2581). It is home to about 84 residents, with an established family demographic and a median age of 38. Households earn a median income of $111K per year, with an average household size of 2.8 people. 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 managers, professionals, labourers. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Australian, English, Irish.
Biala has a median house price of $905,000, holding roughly steady year-on-year. The current median weekly rent is $750. This gives a gross rental yield of approximately 4.3%. 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 1,619 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.3% (moderate yield). Property prices sit below the state median ($905K/$1.5M), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved +0.0% year-on-year.