Boambee is a small community in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 1,770, the suburb has a mature demographic with a median age of 47. Households earn a median income of $106K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Boambee is $220,000, having dropped significantly 84.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 14.2%. The median monthly mortgage repayment is $1,950.
Boambee is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 918, which is below the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Boambee offers a gross rental yield of 14.2%, rated as high yield. Property prices sit below the state median ($220K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.1x is considered affordable. House prices have moved -84.3% year-on-year.
Boambee is a small community in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 1,770, the suburb has a mature demographic with a median age of 47. Households earn a median income of $106K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Boambee is $220,000, having dropped significantly 84.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 14.2%. The median monthly mortgage repayment is $1,950.
Boambee is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 918, which is below the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, Boambee offers a gross rental yield of 14.2%, rated as high yield. Property prices sit below the state median ($220K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.1x is considered affordable. House prices have moved -84.3% year-on-year.