Bourke is a small 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 young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, professionals, managers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Bourke is $215,000, having surged 28.4% over the past year. The current median weekly rent is $250. This gives a gross rental yield of approximately 6.0%. 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, Bourke offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($215K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.7x is considered affordable. House prices have moved +28.4% year-on-year.
Bourke is a small 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 young professionals and families with a median age of 35. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, professionals, managers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Bourke is $215,000, having surged 28.4% over the past year. The current median weekly rent is $250. This gives a gross rental yield of approximately 6.0%. 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, Bourke offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($215K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 2.7x is considered affordable. House prices have moved +28.4% year-on-year.