Burra Creek is a quiet locality in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2722). With a population of 71, the suburb has a mature demographic with a median age of 45. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Burra Creek is $11 million, having surged 343.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 0.3%. The median monthly mortgage repayment is $1,077.
Public transport access includes 16 bus stops.
From an investment perspective, Burra Creek offers a gross rental yield of 0.3%, rated as low yield. Property prices are above the state median ($11.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 154.0x is considered stretched. House prices have moved +343.7% year-on-year.
Burra Creek is a quiet locality in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2722). With a population of 71, the suburb has a mature demographic with a median age of 45. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Burra Creek is $11 million, having surged 343.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 0.3%. The median monthly mortgage repayment is $1,077.
Public transport access includes 16 bus stops.
From an investment perspective, Burra Creek offers a gross rental yield of 0.3%, rated as low yield. Property prices are above the state median ($11.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 154.0x is considered stretched. House prices have moved +343.7% year-on-year.