Bundanoon (postcode 2578) is a compact suburb in New South Wales within the Wingecarribee local government area. The area has roughly 2,869 residents and a predominantly older resident base, with a median age of 59. Households earn a median income of $67K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Bundanoon stand at $1.3 million, having jumped by 16.8% over the last twelve months. Units have a median price of $314,000 (-3.5% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,820.
Bundanoon is served by 1 school, including 1 primary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 8 rail stations, 26 bus stops. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
From an investment perspective, Bundanoon shows a gross rental yield of approximately 1.7%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 19.2x is considered stretched. House prices have moved +16.8% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.