Bunnan is a quiet locality in New South Wales within the Upper Hunter Shire local government area (postcode 2337). It is home to about 94 residents, with an older-leaning population and a median age of 53. Households earn a median income of $41K per year, with an average household size of 2.2 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 machinery operators & drivers, technicians & trades, labourers. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Bunnan is $80,000, broadly unchanged over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 35.8%. The median monthly mortgage repayment is $750.
Public transport access includes 8 bus stops. The crime rate in the Upper Hunter Shire LGA is below average at 3,369 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 35.8%, which reads as high yield. Property prices sit below the state median ($80K/$1.5M), which can point to relative value. The price-to-income ratio of 2.0x is considered affordable. House prices have moved +0.0% year-on-year.