Booral (postcode 2425) is a sparsely populated locality in New South Wales within the Mid-Coast local government area. With a population of 457, the suburb has a settled mid-life population with a median age of 41. Households earn a median income of $84K 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 +0.7% 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 technicians & trades, managers, professionals. Employment in the area leans toward manufacturing and construction. The top ancestries reported are Australian, English, Scottish.
Booral has a median house price of $670,000, which has dropped significantly by 29.5% year-on-year. The current median weekly rent is $542. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,733.
Booral is served by 1 school, including 1 primary. The average ICSEA score is 938, which is below the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.2%, which reads as moderate yield. Property prices sit below the state median ($670K/$1.5M), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -29.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.