Burroway (postcode 2821) is a quiet locality in New South Wales within the Narromine local government area. It is home to about 171 residents, with a mix of families and early-career residents and a median age of 32. Households earn a median income of $107K per year, with an average household size of 3.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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, sales, labourers. Employment in the area leans toward agriculture and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Burroway sit at $1.4 million, little changed on a year ago. The current median weekly rent is $350. This gives a gross rental yield of approximately 1.3%. 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 5,836 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.3% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.