Bombowlee

BOMBOWLEE, NSW 2720 is a small suburb with a population of 291, mainly comprising families and older residents. The suburb has a mix of age groups with a significant number of individuals aged 45 to 64 years. The majority of residents commute by motor vehicle, while a small percentage prefer walking or working from home. The median household income is $1,800 per week, and the median mortgage repayment amount is $1,911 monthly. The suburb offers a peaceful lifestyle with access to nature and a close-knit community. For Houses, BOMBOWLEE, NSW 2720 presents a rare opportunity for renovation enthusiasts given its high Sale Price IQR Ratio. The suburb has limited property turnover with a median sale price range between $1,100,000 and $1,180,000. Despite a negative median growth rate, the area has seen a substantial increase in property prices over the past 5 years. Investors should note the low rental income potential with a median of $295 per week. However, the suburb's low rental ratio could indicate stable tenancy and potentially less competition in the market. With a mix of age groups and occupations, BOMBOWLEE, NSW 2720 is an ideal location for families and retirees seeking a quiet lifestyle. The suburb's property market, particularly for houses, offers opportunities for long-term capital growth, although rental yields may be comparatively lower. The area's limited supply of properties and stable population growth contribute to the overall desirability of the suburb for both homeowners and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022