Byron Bay is a mid-sized suburb in New South Wales within the Byron local government area (postcode 2481). With a population of 6,330, the suburb has an established demographic with a median age of 39. Households earn a median income of $81K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Byron Bay is $1.8 million, having dropped significantly 30.4% over the past year. Units have a median price of $1.1 million (-17.5% YoY). The current median weekly rent is $995. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,167.
Byron Bay is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1081, which is above the national average of 1,000. Public transport access includes 55 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Byron Bay offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 21.6x is considered stretched. House prices have moved -30.4% year-on-year.
Byron Bay is a mid-sized suburb in New South Wales within the Byron local government area (postcode 2481). With a population of 6,330, the suburb has an established demographic with a median age of 39. Households earn a median income of $81K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Byron Bay is $1.8 million, having dropped significantly 30.4% over the past year. Units have a median price of $1.1 million (-17.5% YoY). The current median weekly rent is $995. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,167.
Byron Bay is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 1081, which is above the national average of 1,000. Public transport access includes 55 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Byron Bay offers a gross rental yield of 3.0%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 21.6x is considered stretched. House prices have moved -30.4% year-on-year.