Towamba is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 249, the suburb has a mature demographic with a median age of 53. Households earn a median income of $42K per year, with an average household size of 2.3 people. The most common occupations are managers, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Towamba is $585,000, having surged 14.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $867.
Towamba is served by 1 school, including 1 primary. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Towamba offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($585K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.9x is considered stretched. House prices have moved +14.7% year-on-year.
Towamba is a quiet locality in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 249, the suburb has a mature demographic with a median age of 53. Households earn a median income of $42K per year, with an average household size of 2.3 people. The most common occupations are managers, community & personal service, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Towamba is $585,000, having surged 14.7% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $867.
Towamba is served by 1 school, including 1 primary. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Towamba offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($585K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 13.9x is considered stretched. House prices have moved +14.7% year-on-year.