Boomey is a sparsely populated locality in New South Wales within the Cabonne local government area (postcode 2866). With a population of 88, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $88K per year, with an average household size of 3.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 managers, professionals, labourers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
Boomey has a median house price of $1.3 million, which has risen steeply by 28.6% year-on-year. The current median weekly rent is $468. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Public transport access includes 9 bus stops. The crime rate in the Cabonne LGA is low at 1,859 incidents per 100,000 population.
Looking at the investment signals, Boomey shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 14.4x is considered stretched. House prices have moved +28.6% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.