Binda is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2583). With a population of 291, the suburb has a mature demographic with a median age of 45. Households earn a median income of $69K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Binda is $540,000, having dropped significantly 22.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Binda is served by 1 school, including 1 primary. The average ICSEA score is 788, which is well below the national average of 1,000. Public transport access includes 11 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, Binda offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -22.3% year-on-year.
Binda is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2583). With a population of 291, the suburb has a mature demographic with a median age of 45. Households earn a median income of $69K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Binda is $540,000, having dropped significantly 22.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Binda is served by 1 school, including 1 primary. The average ICSEA score is 788, which is well below the national average of 1,000. Public transport access includes 11 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, Binda offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -22.3% year-on-year.