Boambee East is a moderately sized suburb in New South Wales within the Coffs Harbour local government area (postcode 2452). It is home to about 5,304 residents, with an established family demographic and a median age of 42. Households earn a median income of $73K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Boambee East has a median house price of $793,000, which has grown strongly by 8.6% year-on-year. Units have a median price of $604,000 (+5.3% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,619.
Public transport access includes 28 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 5,038 incidents per 100,000 population.
On the investment side, Boambee East shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($793K/$1.5M), which can point to relative value. The price-to-income ratio of 10.8x is considered stretched. House prices have moved +8.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.