Burroway is a quiet locality in New South Wales within the Narromine local government area (postcode 2821). With a population of 171, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $107K per year, with an average household size of 3.4 people. The most common occupations are managers, sales, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Burroway is $717,000, having dropped significantly 71.5% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,884.
Public transport access includes 16 bus stops. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Burroway offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($717K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -71.5% year-on-year.
Burroway is a quiet locality in New South Wales within the Narromine local government area (postcode 2821). With a population of 171, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $107K per year, with an average household size of 3.4 people. The most common occupations are managers, sales, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Burroway is $717,000, having dropped significantly 71.5% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,884.
Public transport access includes 16 bus stops. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Burroway offers a gross rental yield of 2.3%, rated as low yield. Property prices sit below the state median ($717K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -71.5% year-on-year.