Bungwahl (postcode 2423) is a quiet locality in New South Wales within the Mid-Coast local government area. The area has roughly 249 residents and an older-leaning population, with a median age of 54. Households earn a median income of $62K 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 technicians & trades, labourers, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Bungwahl stand at $950,000, having dropped significantly by 34.5% over the last twelve months. The current median weekly rent is $550. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,000.
Bungwahl is served by 1 school, including 1 primary. The average ICSEA score is 1037, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,779 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.0% (moderate yield). Property prices sit below the state median ($950K/$1.5M), which can point to relative value. The price-to-income ratio of 15.2x is considered stretched. House prices have moved -34.5% 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.