New Buildings is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 31, the suburb has an older demographic with a median age of 65. Households earn a median income of $36K per year, with an average household size of 1.8 people. The most common occupations are community & personal service, professionals, labourers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in New Buildings is $555,000, having surged 616.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,083.
Public transport access includes 3 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, New Buildings offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($555K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.5x is considered stretched. House prices have moved +616.1% year-on-year.
New Buildings is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 31, the suburb has an older demographic with a median age of 65. Households earn a median income of $36K per year, with an average household size of 1.8 people. The most common occupations are community & personal service, professionals, labourers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in New Buildings is $555,000, having surged 616.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,083.
Public transport access includes 3 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, New Buildings offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($555K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.5x is considered stretched. House prices have moved +616.1% year-on-year.