Bombala (postcode 2632) is a small locality in New South Wales within the Snowy Monaro Regional local government area. The area has roughly 1,372 residents and an older-leaning population, with a median age of 47. Households earn a median income of $66K per year, with an average household size of 2.1 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 machinery operators & drivers, labourers, managers. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Irish.
Bombala has a median house price of $440,000, which has jumped by 30.4% year-on-year. The current median weekly rent is $340. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,083.
Bombala is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 73 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Snowy Monaro Regional LGA is below average at 2,173 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices sit below the state median ($440K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +30.4% year-on-year.