Burragate is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 96, the suburb has an older demographic with a median age of 57. Households earn a median income of $53K per year, with an average household size of 1.9 people. The most common occupations are managers, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Burragate is $495,000, having dropped significantly 25.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $867.
Public transport access includes 4 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Burragate offers a gross rental yield of 6.3%, rated as high yield. Property prices sit below the state median ($495K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -25.6% year-on-year.
Burragate is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 96, the suburb has an older demographic with a median age of 57. Households earn a median income of $53K per year, with an average household size of 1.9 people. The most common occupations are managers, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Burragate is $495,000, having dropped significantly 25.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 6.3%. The median monthly mortgage repayment is $867.
Public transport access includes 4 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Burragate offers a gross rental yield of 6.3%, rated as high yield. Property prices sit below the state median ($495K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -25.6% year-on-year.