Bowan Park (postcode 2864) is a sparsely populated locality in New South Wales within the Cabonne local government area. It is home to about 106 residents, with an established demographic and a median age of 42. Households earn a median income of $136K 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 +0.0% 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and mining. The top ancestries reported are Australian, English, Scottish.
The median house price in Bowan Park is $525,000, having jumped by 40% over the past year. The median weekly rent is $375 (Census 2021). This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 bus stops. The crime rate in the Cabonne LGA is low at 1,859 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.7% (moderate yield). Property prices sit below the state median ($525K/$1.5M), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved +40.0% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.