Bombah Point is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 24, the suburb has a mature demographic with a median age of 49. Households earn a median income of $143K per year, with an average household size of 2.8 people. The most common occupations are community & personal service, clerical & administrative. The top ancestries reported are English, Scottish, Australian.
The median house price in Bombah Point is $590,000, having dropped significantly 56.3% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $3,584.
The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Bombah Point offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($590K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -56.3% year-on-year.
Bombah Point is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2423). With a population of 24, the suburb has a mature demographic with a median age of 49. Households earn a median income of $143K per year, with an average household size of 2.8 people. The most common occupations are community & personal service, clerical & administrative. The top ancestries reported are English, Scottish, Australian.
The median house price in Bombah Point is $590,000, having dropped significantly 56.3% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $3,584.
The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Bombah Point offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($590K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -56.3% year-on-year.