Boorabee Park (postcode 2480) is a sparsely populated locality in New South Wales within the Kyogle local government area. The area has roughly 146 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 professionals, technicians & trades, labourers. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Boorabee Park stand at $831,000, having climbed sharply by 37.4% over the last twelve months. The current median weekly rent is $510. This gives a gross rental yield of approximately 3.2%. 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 2,334 incidents per 100,000 population.
On the investment side, Boorabee Park shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices sit below the state median ($831K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +37.4% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.