Binalong is a small community in New South Wales within the Yass Valley local government area (postcode 2584). With a population of 550, the suburb has a mature demographic with a median age of 45. Households earn a median income of $75K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Binalong is $628,000, having surged 29.4% over the past year. Units have a median price of $293,000. The median weekly rent is $280 (Census 2021). This gives a gross rental yield of approximately 2.3%. 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 1,626 incidents per 100,000 population.
From an investment perspective, Binalong offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($628K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.4x is considered moderate. House prices have moved +29.4% year-on-year.
Binalong is a small community in New South Wales within the Yass Valley local government area (postcode 2584). With a population of 550, the suburb has a mature demographic with a median age of 45. Households earn a median income of $75K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Binalong is $628,000, having surged 29.4% over the past year. Units have a median price of $293,000. The median weekly rent is $280 (Census 2021). This gives a gross rental yield of approximately 2.3%. 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 1,626 incidents per 100,000 population.
From an investment perspective, Binalong offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($628K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.4x is considered moderate. House prices have moved +29.4% year-on-year.