Located in New South Wales within the Queanbeyan-Palerang Regional local government area, Bombay is a quiet locality (postcode 2622). The area has roughly 142 residents and a mature demographic, with a median age of 49. Households earn a median income of $106K per year, with an average household size of 2.6 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, community & personal service. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
Bombay has a median house price of $267,000, holding roughly steady year-on-year. The current median weekly rent is $470. This gives a gross rental yield of approximately 9.2%. The median monthly mortgage repayment is $2,167.
Public transport access includes 8 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 9.2% (high yield). Property prices sit below the state median ($267K/$1.5M), which can point to relative value. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +0.0% year-on-year.