The Bight is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 60, the suburb has an older demographic with a median age of 57. Households earn a median income of $55K per year, with an average household size of 2.2 people. The most common occupations are managers, technicians & trades, sales. The top ancestries reported are Australian, English, Scottish.
The median house price in The Bight is $1.0 million, having dropped significantly 69.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $700.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, The Bight offers a gross rental yield of 2.1%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 18.1x is considered stretched. House prices have moved -69.7% year-on-year.
The Bight is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2429). With a population of 60, the suburb has an older demographic with a median age of 57. Households earn a median income of $55K per year, with an average household size of 2.2 people. The most common occupations are managers, technicians & trades, sales. The top ancestries reported are Australian, English, Scottish.
The median house price in The Bight is $1.0 million, having dropped significantly 69.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $700.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, The Bight offers a gross rental yield of 2.1%, rated as low yield. Property prices sit below the state median ($1.0M/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 18.1x is considered stretched. House prices have moved -69.7% year-on-year.