Boomi Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2476). With a population of 14, the suburb has an older demographic with a median age of 66. Households earn a median income of $71K per year, with an average household size of 1.6 people. The top ancestries reported are English, Australian.
The median house price in Boomi Creek is $310,000, having dropped significantly 63.5% over the past year. The current median weekly rent is $200. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,084.
The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Boomi Creek offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($310K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -63.5% year-on-year.
Boomi Creek is a quiet locality in New South Wales within the Kyogle local government area (postcode 2476). With a population of 14, the suburb has an older demographic with a median age of 66. Households earn a median income of $71K per year, with an average household size of 1.6 people. The top ancestries reported are English, Australian.
The median house price in Boomi Creek is $310,000, having dropped significantly 63.5% over the past year. The current median weekly rent is $200. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,084.
The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Boomi Creek offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($310K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.3x is considered affordable. House prices have moved -63.5% year-on-year.