Located in New South Wales within the Wingecarribee local government area, Burrawang is a sparsely populated locality (postcode 2577). The area has roughly 431 residents and an older-leaning population, with a median age of 54. Households earn a median income of $102K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. 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 managers, professionals, community & personal service. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Burrawang stand at $1.8 million, having fallen sharply by 28.2% over the last twelve months. The current median weekly rent is $690. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,997.
Burrawang is served by 1 school, including 1 primary. The average ICSEA score is 1076, which is above the national average of 1,000. Public transport access includes 1 rail station, 11 bus stops. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.0% (low yield). Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 17.9x is considered stretched. House prices have moved -28.2% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.