Redbournberry is a quiet locality in New South Wales within the Singleton local government area (postcode 2330). With a population of 247, the suburb has an established demographic with a median age of 41. Households earn a median income of $134K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Redbournberry is $1.5 million, having surged 23.8% over the past year. Units have a median price of $640,000 (+14.9% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,500.
The crime rate in the Singleton LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Redbournberry offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 11.5x is considered stretched. House prices have moved +23.8% year-on-year.
Redbournberry is a quiet locality in New South Wales within the Singleton local government area (postcode 2330). With a population of 247, the suburb has an established demographic with a median age of 41. Households earn a median income of $134K per year, with an average household size of 2.9 people. The most common occupations are technicians & trades, managers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Redbournberry is $1.5 million, having surged 23.8% over the past year. Units have a median price of $640,000 (+14.9% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,500.
The crime rate in the Singleton LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Redbournberry offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 11.5x is considered stretched. House prices have moved +23.8% year-on-year.