Federal is a small community in New South Wales within the Byron local government area (postcode 2480). With a population of 784, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Federal is $1.6 million, having dipped slightly 0.4% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,253.
Public transport access includes 27 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Federal offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -0.4% year-on-year.
Federal is a small community in New South Wales within the Byron local government area (postcode 2480). With a population of 784, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Federal is $1.6 million, having dipped slightly 0.4% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,253.
Public transport access includes 27 bus stops. The crime rate in the Byron LGA is moderate at 4,153 incidents per 100,000 population.
From an investment perspective, Federal offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.1x is considered stretched. House prices have moved -0.4% year-on-year.