Boona Mount is a quiet locality in New South Wales within the Lachlan local government area (postcode 2877). With a population of 46, the suburb has an established demographic with a median age of 43. Households earn a median income of $59K per year, with an average household size of 3.3 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Boona Mount is $2.0 million, having dropped significantly 61.2% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $6,666.
Public transport access includes 3 bus stops. The crime rate in the Lachlan LGA is moderate at 6,331 incidents per 100,000 population.
From an investment perspective, Boona Mount offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 34.3x is considered stretched. House prices have moved -61.2% year-on-year.
Boona Mount is a quiet locality in New South Wales within the Lachlan local government area (postcode 2877). With a population of 46, the suburb has an established demographic with a median age of 43. Households earn a median income of $59K per year, with an average household size of 3.3 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Boona Mount is $2.0 million, having dropped significantly 61.2% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $6,666.
Public transport access includes 3 bus stops. The crime rate in the Lachlan LGA is moderate at 6,331 incidents per 100,000 population.
From an investment perspective, Boona Mount offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 34.3x is considered stretched. House prices have moved -61.2% year-on-year.