Byng is a quiet locality in New South Wales within the Cabonne local government area (postcode 2800). With a population of 52, the suburb has a mature demographic with a median age of 54. Households earn a median income of $102K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Byng is $540,000, having dropped significantly 88.1% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 5.3%. 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 1,856 incidents per 100,000 population.
From an investment perspective, Byng offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -88.1% year-on-year.
Byng is a quiet locality in New South Wales within the Cabonne local government area (postcode 2800). With a population of 52, the suburb has a mature demographic with a median age of 54. Households earn a median income of $102K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Byng is $540,000, having dropped significantly 88.1% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 5.3%. 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 1,856 incidents per 100,000 population.
From an investment perspective, Byng offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($540K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -88.1% year-on-year.