North Boambee Valley is a smaller suburb in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 2,318, the suburb has a mature demographic with a median age of 52. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in North Boambee Valley is $488,000, having dropped significantly 45.2% over the past year. Units have a median price of $657,000 (+10.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 6.4%. The median monthly mortgage repayment is $1,804.
Public transport access includes 15 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, North Boambee Valley offers a gross rental yield of 6.4%, rated as high yield. Property prices sit below the state median ($488K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -45.2% year-on-year.
North Boambee Valley is a smaller suburb in New South Wales within the Coffs Harbour local government area (postcode 2450). With a population of 2,318, the suburb has a mature demographic with a median age of 52. Households earn a median income of $74K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in North Boambee Valley is $488,000, having dropped significantly 45.2% over the past year. Units have a median price of $657,000 (+10.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 6.4%. The median monthly mortgage repayment is $1,804.
Public transport access includes 15 bus stops. The crime rate in the Coffs Harbour LGA is moderate at 4,991 incidents per 100,000 population.
From an investment perspective, North Boambee Valley offers a gross rental yield of 6.4%, rated as high yield. Property prices sit below the state median ($488K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -45.2% year-on-year.