Bywong is a small community in New South Wales within the Queanbeyan-Palerang Regional local government area (postcode 2621). It is home to about 1,342 residents, with an older-leaning population and a median age of 47. Households earn a median income of $165K per year, with an average household size of 2.8 people. 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 professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are English, Australian, Scottish.
The median house price in Bywong is $1.5 million, having dropped significantly by 12.8% over the past year. The current median weekly rent is $722. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,419.
Public transport access includes 25 bus stops. The crime rate in the Queanbeyan-Palerang Regional LGA is below average at 2,677 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 8.9x is considered moderate. House prices have moved -12.8% year-on-year.