Located in New South Wales within the Uralla local government area, Bundarra is a small locality (postcode 2359). The area has roughly 674 residents and an older-leaning population, with a median age of 48. Households earn a median income of $50K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 managers, labourers, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Scottish.
Median house prices in Bundarra stand at $328,000, having risen steeply by 22% over the last twelve months. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $953.
Bundarra is served by 1 school, including 1 combined. The average ICSEA score is 874, which is well below the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Uralla LGA is below average at 2,613 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.2%, which reads as moderate yield. Property prices sit below the state median ($328K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +22.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.