Binya is a sparsely populated locality in New South Wales within the Carrathool local government area (postcode 2665). The area has roughly 122 residents and an established demographic, with a median age of 42. Households earn a median income of $98K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 managers, professionals, labourers. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Australian, English, Scottish.
Median house prices in Binya sit at $733,000, little changed on a year ago. The current median weekly rent is $240. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $650.
Binya is served by 1 school, including 1 primary. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Carrathool LGA is low at 0 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.7%, which reads as low yield. Property prices sit below the state median ($733K/$1.5M), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.