Putta Bucca (postcode 2850) is a sparsely populated locality in New South Wales within the Mid-Western Regional local government area. The area has roughly 190 residents and a mature demographic, with a median age of 52. Households earn a median income of $133K per year, with an average household size of 2.6 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 managers, technicians & trades, professionals. Employment in the area leans toward mining and agriculture. The top ancestries reported are English, Australian, Irish.
Putta Bucca has a median house price of $1.4 million, which has declined by 6.7% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,950.
Public transport access includes 6 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.2%, which reads as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 10.5x is considered stretched. House prices have moved -6.7% year-on-year.