Redbournberry is a sparsely populated locality in New South Wales within the Singleton local government area (postcode 2330). With a population of 247, the suburb has a settled mid-life population with a median age of 41. Households earn a median income of $134K per year, with an average household size of 2.9 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, managers, clerical & administrative. Employment in the area leans toward mining and healthcare. The top ancestries reported are Australian, English, Irish.
Redbournberry has a median house price of $1.3 million, which has surged by 57.2% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,500.
The crime rate in the Singleton LGA is below average at 3,442 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +57.2% 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.