New Berrima (postcode 2577) is a close-knit residential community in New South Wales within the Wingecarribee local government area. With a population of 598, the suburb has a blend of families and working-age professionals with a median age of 37. Households earn a median income of $84K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 technicians & trades, labourers, sales. Employment in the area leans toward retail trade and healthcare. The top ancestries reported are Australian, English, Scottish.
New Berrima has a median house price of $870,000, which has grown strongly by 8.1% year-on-year. The current median weekly rent is $690. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,733.
Public transport access includes 9 bus stops. The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.1%, which reads as moderate yield. Property prices sit below the state median ($870K/$1.5M), which can point to relative value. The price-to-income ratio of 10.4x is considered stretched. House prices have moved +8.1% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.