Bowenfels

Bowenfels, NSW 2790 is a small suburb with a population of around 2,049 residents. The majority of the population falls within the age groups of 5 to 19 years and 45 to 64 years. The suburb has a mix of occupations, with technicians and tradeworkers, community and personal service workers, and managers being the top three occupation groups. The median household income is $917 per week, and the median mortgage repayment is $1,560 per month. Commuting by motor vehicle is the most common mode of transport, followed by working from home. With a moderate sale price IQR ratio, Bowenfels could be an attractive suburb for renovators looking to add value to properties. The suburb shows strong growth trends, with a median growth rate of over 20% and a low vacancy rate. Additionally, the suburb has a high demand for rentals, as indicated by the number of properties for rent compared to those for sale. Investors may find potential in capital growth opportunities given the historical growth rates observed in Bowenfels. Bowenfels, NSW 2790 offers a mix of demographics and a moderate income level. For property investors, the suburb presents opportunities for renovation projects and potential capital growth, supported by strong growth trends and high demand for rental properties. Homeowners interested in living in the area can benefit from the suburb's growth potential and the convenience of various commuting options, including working from home. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022