What is the true cost of buying an apartment in Bourke?

The median apartment in Bourke is $65,000. Including stamp duty ($1,005), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $16,448, or $1,371/month.

What does it really cost to buy a house in Bourke?

The median house in Bourke is $95,000. True first-year cost including stamp duty ($1,530), rates, insurance, maintenance, and mortgage repayments is approximately $11,335.

What is the vacancy rate in Bourke?

Bourke currently has a vacancy rate of 12.5%. Properties average 180 days on market.

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True Cost of Buying in Bourke

2840 NSW · 800km to CBD

Rising

A decision, not just a search · Bourke

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Bourke is a remote town in far north-western NSW, situated on the Darling River approximately 800km northwest of Sydney. Serving as the administrative center of Bourke Shire, this historic outback town has a population of around 2,800 residents with a significant Aboriginal and Torres Strait Islander community representing the traditional Ngemba, Muruwari and Barkinji peoples. The town's economy is primarily driven by agriculture, mining, and tourism, with the famous Back O' Bourke Exhibition Centre attracting visitors to experience authentic outback culture. Property values are significantly below NSW averages, reflecting the remote location and limited employment opportunities. Infrastructure includes the Mitchell Highway connection, Bourke Airport for regional services, and NBN broadband, though public transport options are limited. The community maintains a strong spirit with local clubs and organizations, while essential services include Bourke Central School (K-12) and Bourke District Hospital. The aging population demographic and youth migration present ongoing challenges, though government investment in water security and tourism infrastructure offers potential for economic diversification.

Rich Aboriginal cultural heritage and authentic outback experienceStrategic location on major regional transport routes (Mitchell Highway, Kidman Way)Affordable property prices with high rental yieldsStrong community spirit and local support networksTourism drawcard with Back O' Bourke Exhibition Centre

Market Snapshot

Median House

$95K

+2.1% 1yr

Median Apartment

$65K

+1.8% 1yr

Median Townhouse

—

Vacancy Rate

12.5%

180 avg DOM

Yield (Apartment)

9.2%

Yield (House)

8.5%

Auction Clearance

45%

Population

2,800

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$1,371/mo

Purchase Price

$65,000

Stamp Duty

$1,005

1st Year Total

$16,448

House

$945/mo

Purchase Price

$95,000

Stamp Duty

$1,530

1st Year Total

$11,335

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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