Boomi is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2405). With a population of 207, the suburb has an established demographic with a median age of 41. Households earn a median income of $70K per year, with an average household size of 2.6 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Boomi is $194,000, having surged 115.3% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $517.
Boomi is served by 1 school, including 1 primary. The average ICSEA score is 770, which is well below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Moree Plains LGA is higher than average at 13,538 incidents per 100,000 population.
From an investment perspective, Boomi offers a gross rental yield of 8.6%, rated as high yield. Property prices sit below the state median ($194K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.8x is considered affordable. House prices have moved +115.3% year-on-year.
Boomi is a quiet locality in New South Wales within the Moree Plains local government area (postcode 2405). With a population of 207, the suburb has an established demographic with a median age of 41. Households earn a median income of $70K per year, with an average household size of 2.6 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Boomi is $194,000, having surged 115.3% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $517.
Boomi is served by 1 school, including 1 primary. The average ICSEA score is 770, which is well below the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Moree Plains LGA is higher than average at 13,538 incidents per 100,000 population.
From an investment perspective, Boomi offers a gross rental yield of 8.6%, rated as high yield. Property prices sit below the state median ($194K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.8x is considered affordable. House prices have moved +115.3% year-on-year.