Bunnaloo (postcode 2731) is a sparsely populated locality in New South Wales within the Murray River local government area. The area has roughly 107 residents and an older-leaning population, with a median age of 51. Households earn a median income of $80K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% 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 managers, machinery operators & drivers, professionals. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
Bunnaloo has a median house price of $545,000, holding roughly steady year-on-year. The current median weekly rent is $472. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,100.
Bunnaloo is served by 1 school, including 1 primary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Murray River LGA is below average at 3,467 incidents per 100,000 population.
From an investment perspective, Bunnaloo shows a gross rental yield of approximately 4.5%, rated as moderate yield. Property prices sit below the state median ($545K/$1.5M), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.