Located in New South Wales within the Mid-Coast local government area, Bobin is a small, quiet locality (postcode 2429). It is home to about 141 residents, with a more retirement-aged population and a median age of 55. Households earn a median income of $56K per year, with an average household size of 2.3 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, managers, community & personal service. Employment in the area leans toward education and agriculture. The top ancestries reported are Australian, English, Scottish.
Bobin has a median house price of $720,000, which has jumped by 50% year-on-year. The current median weekly rent is $435. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,450.
Bobin is served by 1 school, including 1 primary. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Bobin shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices sit below the state median ($720K/$1.5M), which can point to relative value. The price-to-income ratio of 12.8x is considered stretched. House prices have moved +50.0% 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.