Binna Burra is a quiet locality in New South Wales within the Byron local government area (postcode 2479). With a population of 223, the suburb has an established demographic with a median age of 39. Households earn a median income of $110K per year, with an average household size of 3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Binna Burra is $2.1 million, having increased 4.5% over the past year. The current median weekly rent is $900. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $3,000.
Public transport access includes 11 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Binna Burra offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +4.5% year-on-year.
Binna Burra is a quiet locality in New South Wales within the Byron local government area (postcode 2479). With a population of 223, the suburb has an established demographic with a median age of 39. Households earn a median income of $110K per year, with an average household size of 3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Binna Burra is $2.1 million, having increased 4.5% over the past year. The current median weekly rent is $900. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $3,000.
Public transport access includes 11 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Binna Burra offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($2.1M/$1.5M), placing it in the premium segment. The price-to-income ratio of 19.6x is considered stretched. House prices have moved +4.5% year-on-year.