Boomerang Beach is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 423, the suburb has 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. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Boomerang Beach is $393,000, having dropped significantly 62.6% over the past year. Units have a median price of $820,000 (+3.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 6.6%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Boomerang Beach offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($393K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.2x is considered affordable. House prices have moved -62.6% year-on-year.
Boomerang Beach is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 423, the suburb has 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. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Boomerang Beach is $393,000, having dropped significantly 62.6% over the past year. Units have a median price of $820,000 (+3.8% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 6.6%. 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 3,753 incidents per 100,000 population.
From an investment perspective, Boomerang Beach offers a gross rental yield of 6.6%, rated as high yield. Property prices sit below the state median ($393K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.2x is considered affordable. House prices have moved -62.6% year-on-year.