Borambola is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 117, the suburb has a mature demographic with a median age of 48. Households earn a median income of $85K per year, with an average household size of 2.5 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Borambola is $1.2 million, having surged 88.2% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,600.
Public transport access includes 2 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Borambola offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.2x is considered stretched. House prices have moved +88.2% year-on-year.
Borambola is a quiet locality in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 117, the suburb has a mature demographic with a median age of 48. Households earn a median income of $85K per year, with an average household size of 2.5 people. The most common occupations are managers, clerical & administrative, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Borambola is $1.2 million, having surged 88.2% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,600.
Public transport access includes 2 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Borambola offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.2x is considered stretched. House prices have moved +88.2% year-on-year.