Timbumburi (postcode 2340) is a sparsely populated locality in New South Wales within the Tamworth Regional local government area. The area has roughly 122 residents and a settled, mature resident base, with a median age of 47. Households earn a median income of $119K per year, with an average household size of 2.7 people. 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Scottish.
The median house price in Timbumburi is $929,000, having jumped by 33.7% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,156.
Timbumburi is served by 1 school, including 1 primary. The average ICSEA score is 1003, which is around the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Tamworth Regional LGA is moderate at 6,891 incidents per 100,000 population.
Looking at the investment signals, Timbumburi shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices sit below the state median ($929K/$1.5M), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +33.7% year-on-year.