Located in New South Wales within the Richmond Valley local government area, West Bungawalbin is a quiet locality (postcode 2471). The area has roughly 54 residents and a mature demographic, with a median age of 49. Households earn a median income of $62K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in West Bungawalbin stand at $475,000, having jumped by 43.9% over the last twelve months. The current median weekly rent is $495. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $932.
Public transport access includes 1 bus stop. The crime rate in the Richmond Valley LGA is moderate at 5,127 incidents per 100,000 population.
From an investment perspective, West Bungawalbin shows a gross rental yield of approximately 5.4%, rated as high yield. Property prices sit below the state median ($475K/$1.5M), which can point to relative value. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +43.9% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.