Boomi (postcode 2405) is a quiet locality in New South Wales within the Moree Plains local government area. The area has roughly 207 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $70K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% 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, labourers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Irish.
Boomi has a median house price of $100,000, which has climbed sharply by 11.1% year-on-year. The current median weekly rent is $175. This gives a gross rental yield of approximately 9.1%. 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 13,478 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 9.1%, which reads as high yield. Property prices sit below the state median ($100K/$1.5M), which can point to relative value. The price-to-income ratio of 1.4x is considered affordable. House prices have moved +11.1% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.