Byng is a quiet locality in New South Wales within the Cabonne local government area (postcode 2800). The area has roughly 52 residents and a settled, mature resident base, with a median age of 54. Households earn a median income of $102K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 public admin & safety and agriculture. The top ancestries reported are Australian, English, Irish.
The median house price in Byng is $680,000, broadly unchanged over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,867.
Public transport access includes 4 bus stops. The crime rate in the Cabonne LGA is low at 1,859 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.2% (moderate yield). Property prices sit below the state median ($680K/$1.5M), which can point to relative value. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.