Bingara (postcode 2404) is a small locality in New South Wales within the Gwydir local government area. With a population of 1,318, the suburb has a predominantly older resident base with a median age of 61. Households earn a median income of $44K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 community & personal service, labourers, managers. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are Australian, English, Irish.
The median house price in Bingara is $330,000, having fallen sharply by 17% over the past year. The current median weekly rent is $250. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,062.
Bingara is served by 1 school, including 1 combined. The average ICSEA score is 916, which is below the national average of 1,000. Public transport access includes 1 rail station, 36 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Gwydir LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Bingara shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices sit below the state median ($330K/$1.5M), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved -17.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.