Located in New South Wales within the Kyogle local government area, Bonalbo is a quiet locality (postcode 2469). With a population of 338, the suburb has a more retirement-aged population with a median age of 59. Households earn a median income of $35K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, managers, professionals. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Bonalbo stand at $284,000, having eased back by 0.7% over the last twelve months. The current median weekly rent is $380. This gives a gross rental yield of approximately 7.0%. The median monthly mortgage repayment is $650.
Bonalbo is served by 1 school, including 1 combined. The average ICSEA score is 791, which is well below the national average of 1,000. Public transport access includes 14 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Kyogle LGA is below average at 2,334 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 7.0%, which reads as high yield. Property prices sit below the state median ($284K/$1.5M), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -0.7% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.