Located in New South Wales within the Snowy Monaro Regional local government area, Bibbenluke is a small, quiet locality (postcode 2632). It is home to about 82 residents, with an older-leaning population and a median age of 52. Households earn a median income of $71K per year, with an average household size of 2.3 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 labourers, machinery operators & drivers, managers. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
Bibbenluke has a median house price of $300,000, holding roughly steady year-on-year. The current median weekly rent is $340. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,300.
Public transport access includes 2 bus stops. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.9% (high yield). Property prices sit below the state median ($300K/$1.5M), which can point to relative value. The price-to-income ratio of 4.3x is considered affordable. House prices have moved +0.0% year-on-year.