Budawang is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 29, the suburb has an older demographic with a median age of 65. Households earn a median income of $67K per year, with an average household size of 1.8 people. The top ancestries reported are English, Australian.
The median house price in Budawang is $1.0 million, having surged 34.6% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,542.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Budawang offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +34.6% year-on-year.
Budawang is a quiet locality in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2622). With a population of 29, the suburb has an older demographic with a median age of 65. Households earn a median income of $67K per year, with an average household size of 1.8 people. The top ancestries reported are English, Australian.
The median house price in Budawang is $1.0 million, having surged 34.6% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,542.
The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,796 incidents per 100,000 population.
From an investment perspective, Budawang offers a gross rental yield of 2.7%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 14.9x is considered stretched. House prices have moved +34.6% year-on-year.