Binalong is a small community in New South Wales within the Yass Valley local government area (postcode 2584). It is home to about 550 residents, with a mature demographic and a median age of 45. Households earn a median income of $75K per year, with an average household size of 2.3 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, English, Scottish.
The median house price in Binalong is $582,000, having jumped by 24.5% over the past year. The median weekly rent is $280 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,300.
Binalong is served by 1 school, including 1 primary. The average ICSEA score is 1005, which is around the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Yass Valley LGA is low at 1,642 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices sit below the state median ($582K/$1.5M), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +24.5% 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.