Question 1

Is Binnaway a nice place to live?

Accepted Answer

Binnaway is a small rural town in central-west New South Wales surrounded by rolling farmland and grazing country. It functions as a service centre for the agricultural district with a compact main street of essential shops, a pub and community facilities, and a local social life tied to the agricultural calendar. Housing is mainly single-storey homes and small acreage blocks, from older timber cottages to more modern brick houses.

With 658 residents, a median age of 54 and a median household income of $782 a week (about $40,664 a year), Binnaway leans toward a settled, owner-occupied community, with 82.0% of homes owned. There is a Community Health Centre on Renshaw Street and regular council meetings, and planned and recent works range from a proposed reticulated sewerage scheme to pool and sporting facility upgrades and Inland Rail alignment options. Whether that suits you depends on what you want from a town.

Question 2

Is it expensive to live in Binnaway?

Accepted Answer

For Binnaway there haven't been enough recent property sales or rentals to publish reliable house or unit prices or rents. The only housing-related figure available is the median total household income recorded at the last Census, $782 a week, and with prices and rents missing it isn't possible to say how expensive living in Binnaway is compared with local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Binnaway a good place to invest?

Accepted Answer

House values in Binnaway fell 2.9% over the past 12 months, a modest decline in what a house here is worth. For someone weighing Binnaway as an investment, that figure describes the suburb's capital change over the year.

There isn't enough recent data to report how unit values or rents changed in the same period, so the available numbers give only a partial picture of the suburb's performance for investors.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-2.9%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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