Bourkelands is a smaller suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 3,113, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $115K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Bourkelands is $680,000, having declined 5.3% over the past year. Units have a median price of $540,000 (-21.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,733.
Public transport access includes 12 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Bourkelands offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($680K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -5.3% year-on-year.
Bourkelands is a smaller suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 3,113, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $115K per year, with an average household size of 2.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Bourkelands is $680,000, having declined 5.3% over the past year. Units have a median price of $540,000 (-21.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,733.
Public transport access includes 12 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Bourkelands offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($680K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -5.3% year-on-year.