Upper Bingara is a quiet locality in New South Wales within the Gwydir local government area (postcode 2404). With a population of 21, the suburb has a mature demographic with a median age of 47. Households earn a median income of $25K per year, with an average household size of 3.3 people. The top ancestries reported are English, Australian, Irish.
The median house price in Upper Bingara is $100,000, having dropped significantly 90.3% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 16.9%. The median monthly mortgage repayment is $650.
Public transport access includes 1 bus stop. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Upper Bingara offers a gross rental yield of 16.9%, rated as high yield. Property prices sit below the state median ($100K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -90.3% year-on-year.
Upper Bingara is a quiet locality in New South Wales within the Gwydir local government area (postcode 2404). With a population of 21, the suburb has a mature demographic with a median age of 47. Households earn a median income of $25K per year, with an average household size of 3.3 people. The top ancestries reported are English, Australian, Irish.
The median house price in Upper Bingara is $100,000, having dropped significantly 90.3% over the past year. The current median weekly rent is $325. This gives a gross rental yield of approximately 16.9%. The median monthly mortgage repayment is $650.
Public transport access includes 1 bus stop. The crime rate in the Gwydir LGA is below average at 3,433 incidents per 100,000 population.
From an investment perspective, Upper Bingara offers a gross rental yield of 16.9%, rated as high yield. Property prices sit below the state median ($100K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved -90.3% year-on-year.