Bungawalbin is a small, quiet locality in New South Wales within the Richmond Valley local government area (postcode 2469). With a population of 138, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $55K per year, with an average household size of 2.6 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 managers, technicians & trades, machinery operators & drivers. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Bungawalbin is $430,000, having moved lower by 6.4% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,687.
Public transport access includes 5 bus stops. The crime rate in the Richmond Valley LGA is moderate at 5,127 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.4%, which reads as moderate yield. Property prices sit below the state median ($430K/$1.5M), which can point to relative value. The price-to-income ratio of 7.9x is considered moderate. House prices have moved -6.4% 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.