Bundeena is a smaller residential area in New South Wales within the Sutherland Shire local government area (postcode 2230). The area has roughly 2,103 residents and a mature demographic, with a median age of 50. Households earn a median income of $95K 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 professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Bundeena stand at $1.4 million, having eased back by 1.8% over the last twelve months. Units have a median price of $1.2 million (-9.8% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,600.
Bundeena is served by 1 school, including 1 primary. The average ICSEA score is 1067, which is above the national average of 1,000. Public transport access includes 2 rail stations, 11 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,776 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.0% (moderate yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 14.2x is considered stretched. House prices have moved -1.8% year-on-year.