Tibooburra (postcode 2880) is a small, quiet locality in New South Wales within the Unincorporated NSW local government area. It is home to about 95 residents, with a mature demographic and a median age of 47. Households earn a median income of $95K per year, with an average household size of 2.5 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -1.2% 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 labourers, managers, community & personal service. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Tibooburra stand at $105,000, having surged by 23.5% over the last twelve months. The current median weekly rent is $350. This gives a gross rental yield of approximately 17.3%. The median monthly mortgage repayment is $286.
Tibooburra is served by 1 school, including 1 primary. Healthcare facilities include 1 public hospital.
From an investment perspective, Tibooburra shows a gross rental yield of approximately 17.3%, rated as high yield. Property prices sit below the state median ($105K/$1.5M), which can point to relative value. The price-to-income ratio of 1.1x is considered affordable. House prices have moved +23.5% year-on-year. Population growth of -1.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.