Boambee East is a mid-sized suburb in New South Wales within the Coffs Harbour local government area (postcode 2452). With a population of 5,304, the suburb has an established demographic with a median age of 42. Households earn a median income of $73K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Boambee East is $840,000, having grown strongly 5.1% over the past year. Units have a median price of $610,000 (-1.4% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 3.7%. 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 4,991 incidents per 100,000 population.
From an investment perspective, Boambee East offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($840K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +5.1% year-on-year.
Boambee East is a mid-sized suburb in New South Wales within the Coffs Harbour local government area (postcode 2452). With a population of 5,304, the suburb has an established demographic with a median age of 42. Households earn a median income of $73K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Boambee East is $840,000, having grown strongly 5.1% over the past year. Units have a median price of $610,000 (-1.4% YoY). The current median weekly rent is $598. This gives a gross rental yield of approximately 3.7%. 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 4,991 incidents per 100,000 population.
From an investment perspective, Boambee East offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($840K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved +5.1% year-on-year.