Broken Head (postcode 2481) is a quiet locality in New South Wales within the Byron local government area. It is home to about 385 residents, with a settled mid-life population and a median age of 43. Households earn a median income of $88K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, community & personal service. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Broken Head is $3.2 million, having climbed sharply by 48.8% over the past year. Units have a median price of $2.3 million. The current median weekly rent is $1045. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,600.
Public transport access includes 6 bus stops. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.7% (low yield). Property prices are above the state median ($3.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 36.5x is considered stretched. House prices have moved +48.8% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.