Budden is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2849). With a population of 16, the suburb has an older demographic with a median age of 58. Households earn a median income of $84K per year, with an average household size of 2 people. The most common occupations are managers, labourers. The top ancestries reported are English, Scottish, German.
The median house price in Budden is $325,000, having dropped significantly 62.9% over the past year. The median weekly rent is $16 (Census 2021). This gives a gross rental yield of approximately 0.3%. The median monthly mortgage repayment is $4,867.
The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Budden offers a gross rental yield of 0.3%, rated as low yield. Property prices sit below the state median ($325K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -62.9% year-on-year.
Budden is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2849). With a population of 16, the suburb has an older demographic with a median age of 58. Households earn a median income of $84K per year, with an average household size of 2 people. The most common occupations are managers, labourers. The top ancestries reported are English, Scottish, German.
The median house price in Budden is $325,000, having dropped significantly 62.9% over the past year. The median weekly rent is $16 (Census 2021). This gives a gross rental yield of approximately 0.3%. The median monthly mortgage repayment is $4,867.
The crime rate in the Mid-Western Regional LGA is below average at 3,221 incidents per 100,000 population.
From an investment perspective, Budden offers a gross rental yield of 0.3%, rated as low yield. Property prices sit below the state median ($325K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -62.9% year-on-year.