Bowenfels is a smaller residential area in New South Wales within the Lithgow local government area (postcode 2790). The area has roughly 2,049 residents and an established demographic, with a median age of 41. Households earn a median income of $48K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% 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, technicians & trades, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Bowenfels stand at $488,000, having posted strong gains by 6% over the last twelve months. Units have a median price of $425,000 (+21.4% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,560.
Public transport access includes 1 rail station, 46 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Lithgow LGA is moderate at 4,772 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.7%, which reads as moderate yield. Property prices sit below the state median ($488K/$1.5M), which can point to relative value. The price-to-income ratio of 10.2x is considered stretched. House prices have moved +6.0% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.