Buronga is a small community in New South Wales within the Wentworth local government area (postcode 2739). With a population of 1,252, the suburb has an established demographic with a median age of 38. Households earn a median income of $72K per year, with an average household size of 2.6 people. The most common occupations are professionals, labourers, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Buronga is $316,000, having dropped significantly 21.1% over the past year. Units have a median price of $280,000 (+48.1% YoY). The current median weekly rent is $288. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Buronga is served by 1 school, including 1 primary. The average ICSEA score is 870, which is well below the national average of 1,000. Public transport access includes 1 rail station, 7 bus stops. The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Buronga offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($316K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved -21.1% year-on-year.
Buronga is a small community in New South Wales within the Wentworth local government area (postcode 2739). With a population of 1,252, the suburb has an established demographic with a median age of 38. Households earn a median income of $72K per year, with an average household size of 2.6 people. The most common occupations are professionals, labourers, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Buronga is $316,000, having dropped significantly 21.1% over the past year. Units have a median price of $280,000 (+48.1% YoY). The current median weekly rent is $288. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Buronga is served by 1 school, including 1 primary. The average ICSEA score is 870, which is well below the national average of 1,000. Public transport access includes 1 rail station, 7 bus stops. The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Buronga offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($316K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved -21.1% year-on-year.