Burrapine is a quiet locality in New South Wales within the Nambucca Valley local government area (postcode 2447). With a population of 58, the suburb has a mature demographic with a median age of 52. Households earn a median income of $30K per year, with an average household size of 2 people. The most common occupations are managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Burrapine is $270,000, having dropped significantly 42.6% over the past year. The current median weekly rent is $568. This gives a gross rental yield of approximately 10.9%. The median monthly mortgage repayment is $1,238.
Public transport access includes 4 bus stops. The crime rate in the Nambucca Valley LGA is moderate at 4,212 incidents per 100,000 population.
From an investment perspective, Burrapine offers a gross rental yield of 10.9%, rated as high yield. Property prices sit below the state median ($270K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -42.6% year-on-year.
Burrapine is a quiet locality in New South Wales within the Nambucca Valley local government area (postcode 2447). With a population of 58, the suburb has a mature demographic with a median age of 52. Households earn a median income of $30K per year, with an average household size of 2 people. The most common occupations are managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Burrapine is $270,000, having dropped significantly 42.6% over the past year. The current median weekly rent is $568. This gives a gross rental yield of approximately 10.9%. The median monthly mortgage repayment is $1,238.
Public transport access includes 4 bus stops. The crime rate in the Nambucca Valley LGA is moderate at 4,212 incidents per 100,000 population.
From an investment perspective, Burrapine offers a gross rental yield of 10.9%, rated as high yield. Property prices sit below the state median ($270K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved -42.6% year-on-year.