Bobs Farm is a close-knit residential community in New South Wales within the Port Stephens local government area (postcode 2316). The area has roughly 662 residents and a predominantly older resident base, with a median age of 57. Households earn a median income of $63K 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 +1.3% 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 technicians & trades, managers, clerical & administrative. Employment in the area leans toward construction and retail trade. The top ancestries reported are English, Australian, Scottish.
Bobs Farm has a median house price of $1.1 million, which has declined steeply by 15.6% year-on-year. The current median weekly rent is $738. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,019.
Bobs Farm is served by 1 school, including 1 primary. The average ICSEA score is 979, which is around the national average of 1,000. Public transport access includes 27 bus stops. The crime rate in the Port Stephens LGA is below average at 3,152 incidents per 100,000 population.
Looking at the investment signals, Bobs Farm shows a gross rental yield of approximately 3.6%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 17.1x is considered stretched. House prices have moved -15.6% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.