Reedy Swamp is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 97, the suburb has a mature demographic with a median age of 46. Households earn a median income of $74K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Reedy Swamp is $1.8 million, having surged 455.2% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,717.
Public transport access includes 5 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, Reedy Swamp offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 25.0x is considered stretched. House prices have moved +455.2% year-on-year.
Reedy Swamp is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 97, the suburb has a mature demographic with a median age of 46. Households earn a median income of $74K per year, with an average household size of 2.6 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Reedy Swamp is $1.8 million, having surged 455.2% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,717.
Public transport access includes 5 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, Reedy Swamp offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 25.0x is considered stretched. House prices have moved +455.2% year-on-year.