Bombah Point is a sparsely populated locality in New South Wales within the Mid-Coast local government area (postcode 2423). It is home to about 24 residents, with a settled, mature resident base and a median age of 49. Households earn a median income of $143K per year, with an average household size of 2.8 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 community & personal service, clerical & administrative. The top ancestries reported are English, Scottish, Australian.
Bombah Point has a median house price of $1.1 million, holding roughly steady year-on-year. The current median weekly rent is $550. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $3,584.
The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 7.7x is considered moderate. 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.