Bundabah is a small, quiet locality in New South Wales within the Mid-Coast local government area (postcode 2324). It is home to about 140 residents, with a predominantly older resident base and a median age of 59. Households earn a median income of $48K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 clerical & administrative, professionals, machinery operators & drivers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Median house prices in Bundabah stand at $1.1 million, having risen steeply by 131.6% over the last twelve months. The current median weekly rent is $598. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,531.
Public transport access includes 2 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.7% (low yield). Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 23.6x is considered stretched. House prices have moved +131.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.