South Bowenfels (postcode 2790) is a close-knit residential community in New South Wales within the Lithgow local government area. The area has roughly 1,326 residents and a mature demographic, with a median age of 48. Households earn a median income of $84K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.5% 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and mining. The top ancestries reported are Australian, English, Scottish.
Median house prices in South Bowenfels stand at $920,000, having risen steeply by 15% over the last twelve months. Units have a median price of $475,000 (+0.3% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Public transport access includes 21 bus stops. The crime rate in the Lithgow LGA is moderate at 4,772 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 sit below the state median ($920K/$1.5M), which can point to relative value. The price-to-income ratio of 11.0x is considered stretched. House prices have moved +15.0% year-on-year. Population growth of -0.5% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.