Located in New South Wales within the Mid-Coast local government area, Boomerang Beach is a small, quiet locality (postcode 2428). The area has roughly 423 residents and a mature demographic, with a median age of 46. Households earn a median income of $76K per year, with an average household size of 2.3 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Boomerang Beach has a median house price of $695,000, which has dropped significantly by 35.2% year-on-year. Units have a median price of $820,000 (+3.8% YoY). The current median weekly rent is $528. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $2,032.
Boomerang Beach is served by 1 school, including 1 primary. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($695K/$1.5M), which can point to relative value. The price-to-income ratio of 9.2x is considered moderate. House prices have moved -35.2% 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.