Bundewallah is a small, quiet locality in New South Wales within the Shoalhaven local government area (postcode 2535). The area has roughly 34 residents and a predominantly older resident base, with a median age of 68. Households earn a median income of $160K per year, with an average household size of 2 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 top ancestries reported are Scottish, English, Irish.
Bundewallah has a median house price of $3.3 million, which has risen steeply by 20% year-on-year. The current median weekly rent is $565. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $5,000.
The crime rate in the Shoalhaven LGA is below average at 3,639 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 0.9% (low yield). Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.6x is considered stretched. House prices have moved +20.0% 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.