Bourke is a close-knit residential community in New South Wales within the Bourke local government area (postcode 2840). With a population of 1,699, the suburb has a mix of families and early-career residents with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.5 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -2.4% 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 community & personal service, professionals, managers. Employment in the area leans toward public admin & safety and education. The top ancestries reported are Australian, English, Aboriginal Australian.
Bourke has a median house price of $220,000, which has climbed sharply by 33.3% year-on-year. The current median weekly rent is $205. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $947.
Bourke is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 809, which is well below the national average of 1,000. Public transport access includes 61 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bourke LGA is low at 0 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.8%, which reads as moderate yield. Property prices sit below the state median ($220K/$1.5M), which can point to relative value. The price-to-income ratio of 2.7x is considered affordable. House prices have moved +33.3% year-on-year. Population growth of -2.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.