Bingara is a small community in New South Wales within the Gwydir local government area (postcode 2404). With a population of 1,318, the suburb has an older demographic with a median age of 61. Households earn a median income of $44K per year, with an average household size of 2 people. The most common occupations are community & personal service, labourers, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Bingara is $465,000, having surged 24.3% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 3.6%. 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 3,433 incidents per 100,000 population.
From an investment perspective, Bingara offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($465K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +24.3% year-on-year.
Bingara is a small community in New South Wales within the Gwydir local government area (postcode 2404). With a population of 1,318, the suburb has an older demographic with a median age of 61. Households earn a median income of $44K per year, with an average household size of 2 people. The most common occupations are community & personal service, labourers, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Bingara is $465,000, having surged 24.3% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 3.6%. 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 3,433 incidents per 100,000 population.
From an investment perspective, Bingara offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($465K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.5x is considered stretched. House prices have moved +24.3% year-on-year.