Bolaro is a sparsely populated locality in New South Wales within the Snowy Monaro Regional local government area (postcode 2629). The area has roughly 31 residents and a predominantly older resident base, with a median age of 61. Households earn a median income of $40K per year, with an average household size of 1.8 people. 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 managers, professionals. Employment in the area leans toward retail trade and agriculture. The top ancestries reported are Australian, English, Italian.
Bolaro has a median house price of $670,000, which has surged by 46.7% year-on-year. The current median weekly rent is $1200. This gives a gross rental yield of approximately 9.3%.
The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 9.3% (high yield). Property prices sit below the state median ($670K/$1.5M), which can point to relative value. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +46.7% year-on-year.