Binnaway is a small community in New South Wales within the Warrumbungle Shire local government area (postcode 2395). With a population of 658, the suburb has a mature demographic with a median age of 54. Households earn a median income of $41K per year, with an average household size of 2 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Binnaway is $55,000, having dropped significantly 66.5% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 14.1%. The median monthly mortgage repayment is $585.
Binnaway is served by 1 school, including 1 combined. The average ICSEA score is 815, which is well below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Binnaway offers a gross rental yield of 14.1%, rated as high yield. Property prices sit below the state median ($55K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.4x is considered affordable. House prices have moved -66.5% year-on-year.
Binnaway is a small community in New South Wales within the Warrumbungle Shire local government area (postcode 2395). With a population of 658, the suburb has a mature demographic with a median age of 54. Households earn a median income of $41K per year, with an average household size of 2 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Binnaway is $55,000, having dropped significantly 66.5% over the past year. The median weekly rent is $150 (Census 2021). This gives a gross rental yield of approximately 14.1%. The median monthly mortgage repayment is $585.
Binnaway is served by 1 school, including 1 combined. The average ICSEA score is 815, which is well below the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Binnaway offers a gross rental yield of 14.1%, rated as high yield. Property prices sit below the state median ($55K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.4x is considered affordable. House prices have moved -66.5% year-on-year.