Boorabee Park is a quiet locality in New South Wales within the Kyogle local government area (postcode 2480). With a population of 146, the suburb has an established demographic with a median age of 43. Households earn a median income of $105K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Boorabee Park is $1.1 million, having surged 26.4% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Public transport access includes 3 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Boorabee Park offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.0x is considered stretched. House prices have moved +26.4% year-on-year.
Boorabee Park is a quiet locality in New South Wales within the Kyogle local government area (postcode 2480). With a population of 146, the suburb has an established demographic with a median age of 43. Households earn a median income of $105K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Boorabee Park is $1.1 million, having surged 26.4% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Public transport access includes 3 bus stops. The crime rate in the Kyogle LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Boorabee Park offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($1.1M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.0x is considered stretched. House prices have moved +26.4% year-on-year.