Bowral (postcode 2576) is a well-established suburb in New South Wales within the Wingecarribee local government area. The area has roughly 10,764 residents and a predominantly older resident base, with a median age of 55. Households earn a median income of $80K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Bowral has a median house price of $1.4 million, which has moved lower by 6.3% year-on-year. Units have a median price of $848,000 (-14.2% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Bowral is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 1054, which is above the national average of 1,000. Public transport access includes 1 rail station, 173 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 17.6x is considered stretched. House prices have moved -6.3% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.