Bundanoon, New South Wales 4.92

Bundanoon is a town in the Southern Highlands of New South Wales, Australia, in Wingecarribee Shire. At the, Bundanoon had a population of 2,729. It is an Aboriginal name meaning "place of deep gullies" and was formerly known as Jordan's Crossing. Bundanoon is colloquially known as Bundy / Bundi.Bundanoon, like its fellow Southern Villages of the Southern Highlands, New South Wales, has had a boom-and-bust economic cycle. The town became a well-known tourist destination early in the 20th century; its picturesqueness and the scenery of what is now Morton National Park, combined with being served by the railway network, made it a pleasant and convenient holiday area for city dwellers who could not afford more expensive accommodations at the popular Blue Mountains resort area. By the 1950s, however, changes in lifestyle, particularly the affordability of the motor car, gave city dwellers more options and Bundanoon declined.The Sydney real estate boom of the early 21st century made Bundanoon an affordable haven within commuting distance of the city. Property values increased several-fold, and houses in Bundanoon were selling for over a million dollars by 2007.PopulationThe recorded 2,729 people living in Bundanoon. The town's population was significantly older than the general population: their median age was 56 years, 18 years older than the national median age of 38. Children aged under 15 made up 13.8% of the population (fewer than the national average of 18.7%) and people aged 65 years and over made up 36.0% of the population (more than double the national average of 15.8%). This is reflected in the low workforce participation, with only 988 of the 2,419 people reporting themselves as being in the labour force at the. Of these, 49.4% were employed full-time, 40.9% were employed part-time and 4.1% were unemployed. In 2016, 76.6% of people living in Bundanoon were born in Australia; the next most common countries of birth were England 8.7%, New Zealand 1.4%, and Germany 1.1%.