South Golden Beach is a small community in New South Wales within the Byron local government area (postcode 2483). It is home to about 887 residents, with an established demographic and a median age of 40. Households earn a median income of $84K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in South Golden Beach is $1.4 million, having surged by 12.1% over the past year. Units have a median price of $980,000 (+9.2% YoY). The current median weekly rent is $740. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,037.
Public transport access includes 1 bus stop. The crime rate in the Byron LGA is moderate at 4,232 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.8% (low yield). Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 16.3x is considered stretched. House prices have moved +12.1% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.