Bolong is a small, quiet locality in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 94, the suburb has an older-leaning population with a median age of 46. Households earn a median income of $85K per year, with an average household size of 2.6 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 managers, professionals, clerical & administrative. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
The median house price in Bolong is $5.4 million, broadly unchanged over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 0.6%. The median monthly mortgage repayment is $3,055.
Public transport access includes 1 bus stop. The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 0.6%, which reads as low yield. Property prices are above the state median ($5.4M/$1.5M), placing it in the premium segment. The price-to-income ratio of 63.9x is considered stretched. House prices have moved +0.0% 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.