Berambing

Berambing, NSW 2758 is a small suburb with a population of 104 residents. The age groups are well distributed, with a higher representation of residents aged 45 to 64 years. The suburb offers a mix of occupations, with a notable presence of professionals, technicians, and community service workers. The median household income weekly is relatively high, indicating a stable economic base. Commuting primarily occurs by motor vehicle, while a good percentage work from home. The housing market in Berambing presents a unique scenario with a limited property count and low sales activity. The median growth rate has experienced a decline in the short and medium-term. However, the suburb has shown a positive growth trend over the past 10 years. With a high rental price median compared to the income levels, investors may consider targeting renovators due to the high sale price IQR. Property buyers should pay attention to the relatively low discount median on sale prices. Berambing, NSW 2758 offers a quiet and close-knit community for residents. Investors should carefully consider the market dynamics and long-term potential before entering the housing market in this suburb. The presence of professionals and diverse age groups add to the appeal of the area for those looking for a tranquil lifestyle outside the bustling city. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022