Located in New South Wales within the Mid-Western Regional local government area, Budgee Budgee is a quiet locality (postcode 2850). It is home to about 241 residents, with an older-leaning population and a median age of 50. Households earn a median income of $93K per year, with an average household size of 2.5 people. 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 managers, technicians & trades, clerical & administrative. Employment in the area leans toward mining and healthcare. The top ancestries reported are Australian, English, Irish.
Budgee Budgee has a median house price of $1.1 million, which has risen steeply by 11.7% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,167.
Public transport access includes 12 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +11.7% year-on-year.