Suburb Profile Report for Cooranbong NSW (2265)

Cooranbong House: Median price $500,000, Annual capital growth 4.86%, Number of sales 124, Weekly median advertised rent $388

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Cooranbong, 2265 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.94%.

Taking the average capital gain, or increase in median house value, Cooranbong,2265 has racked up an average of 14.94% over the period. This ranks it number 1574th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Cooranbong should be aiming for at least -6.44% off the asking price, which is the average vendor discount being achieved at the moment.

A $387.5 per week rent on the median house gives suburb investors a gross yield of circa 4.03%, without taking into account capital value appreciation, which has been averaging out at 4.86%.

Metrics i HOUSE UNIT
$500,000 N/A
-1.96% N/A
14.94% N/A
4.86% N/A
$388 N/A
124 N/A
4.03% N/A
100.75 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5029
Median household income ($/weekly) 1053
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 612 12.2
    25-34 years 457 9.1
    35-44 years 580 11.5
    45-54 years 662 13.2
    55-64 years 563 11.2
    Others 2155 42.9
    Age Group
    Census Count Percent(%)
    Registered Married 1836 53.7
    Not Married 1355 39.6
    Defacto Relationship 230 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3935 81.1
    Papua New Guinea 259 5.3
    South Africa 51 1.1
    United Kingdom 168 3.5
    Other 222 4.6
    Others 215 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 8 0.2
    Christianity 3822 83.8
    Islam 19 0.4
    Other Religious Groups 10 0.2
    No Religion 699 15.3
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 202 13.8
    $600-$799 174 11.9
    $800-$999 139 9.5
    $1,500-$1,999 187 12.8
    $2,000-$2,499 128 8.7
    Others 635 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1724 45.0
    Employed, worked full-time 1127 29.4
    Employed, worked part-time 688 17.9
    Employed, away from work 155 4.0
    Unemployed, looking for work 141 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 422 21.5
    Technicians & trades workers 337 17.1
    Community & personal service workers 204 10.4
    Clerical & administrative workers 262 13.3
    Labourers 244 12.4
    Others 498 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 68 5.1
    Infants/Primary 383 28.7
    Secondary 338 25.3
    Technical or Further Educational Institution 121 9.1
    University or other Tertiary Institutions 404 30.3
    Others 20 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3984 91.0
    Flat, unit or apartment 276 6.3
    Caravan, cabin, houseboat 63 1.4
    Semi-detached, row or terrace house, townhouse 51 1.2
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 606 37.4
    Fully owned 528 32.6
    Rented 428 26.4
    Other tenure type 59 3.6
    Tenure Type
Census 2011, ABS
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