Reedy Swamp (postcode 2550) is a quiet locality in New South Wales within the Bega Valley local government area. It is home to about 97 residents, with a settled, mature resident base and a median age of 46. Households earn a median income of $74K per year, with an average household size of 2.6 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Reedy Swamp sit at $335,000, little changed on a year ago. The current median weekly rent is $470. This gives a gross rental yield of approximately 7.3%. 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 2,313 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 7.3% (high yield). Property prices sit below the state median ($335K/$1.5M), which can point to relative value. The price-to-income ratio of 4.5x is considered affordable. House prices have moved +0.0% 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.