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Bingara, NSW 2404

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Bingara, NSW 2404 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Bingara, NSW 2404”

  1. The total adult population (15 years or older) of Bingara 2404 NSW is 1,167, with a median age of 61. Of those, 45.59% are married, 14.74% are divorced or separated, 25.96% are single and 13.11% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,256. The median monthly mortgage repayment for households in this suburb is $1,062 which is 24.95% of their earnings.

    Source: ABS Census Data (2021)

  2. Introducing the quaint suburb of Bingara, postcode 2404, idyllically located in NSW, it is a tight-knit community with approximately 946 households. A stat analysis from Q3 2023 reveals an enticing temperature of the property market here that would resonate with both homeowners and property investors.

    Homeownership in Bingara is appealing for its reasonably priced housing market. The typical price for houses is recorded at an affordable $342,539. Coupled with a median weekly rent of $297, this market produces an indicative yield of 4.51% – an attractive figure, particularly for cash-flow centred investors given it well exceeds the benchmark yield of 3%.

    The socioeconomic health of Bingara, denoted by an IRSAD score of 879 out of 1217, suggests a relatively balanced socio-economic status. This is reinforced with a healthier renter to owner ratio at 20%, anchoring the suburb well below the questionable investment threshold of 45%.

    A standout attribute of Bingara’s property market is its extremely low units to houses ratio of 1%. This illustrates a robust preference for houses, reducing competition amongst landlords and potentially leading to longer tenancy periods.

    Bingara also maintains a balanced affordability index at 32 years. Though slightly above the desirable range, it’s not exceedingly prohibitive for potential homeowners.

    Striking supply features are visible with a stock on market percentage at an attractive 0.21%, indicating low supply in the suburb. Furthermore, Bingara boasts of low inventory levels at 0.92 months and a building approvals ratio for houses standing at 0.0% signifying restrained supply influx.

    However, it’s important to note that the demand seems neutral to low. days on market for houses are prolonged at 191 days, suggesting a slightly slower buyer turnout. Nonetheless, the encouragingly low vacancy rate of 1.07% and a buy search index for houses at 3 demonstrate a steady interest in Bingara’s property market – a testament to its charm and potential.

    Whilst supply-demand indicators are paramount, it’s pivotal to understand broader market dynamics to decrypt Bingara’s promise truly. By using resources like HtAG’s RCS metric which collates multiple metrics, one can seamlessly navigate the complexity of property investment here. Remember, an unfavourable metric is not deal-breaker if the majority are favourable. Happy investing!

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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