Suburb Profile Report for Coonamble NSW (2829)

Coonamble House: Median price $132,500, Annual capital growth 7.59%, Number of sales 50, Weekly median advertised rent $180

  • 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 Coonamble, 2829 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.36%.

Across a shorter period, Coonamble, 2829 has seen a median price increase of -1.85% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coonamble, 2829. Typically our figures indicate that -10.92% is being offered, which puts this NSW suburb at 217th most discounted overall in Australia.

A $180 per week rent on the median house gives suburb investors a gross yield of circa 7.06%, without taking into account capital value appreciation, which has been averaging out at 7.59%.

Metrics i HOUSE UNIT
$132,500 N/A
-1.85% N/A
-5.36% N/A
7.59% N/A
$180 N/A
50 N/A
7.06% N/A
161.54 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 2997
Median household income ($/weekly) 815
Median age of persons 40
Median housing loan repayment ($/monthly) 800
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 471 15.7
    25-34 years 303 10.1
    35-44 years 360 12.0
    45-54 years 405 13.5
    55-64 years 388 12.9
    Others 1071 35.7
    Age Group
    Census Count Percent(%)
    Not Married 951 46.2
    Registered Married 853 41.4
    Defacto Relationship 254 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2686 97.4
    Greece 8 0.3
    Papua New Guinea 7 0.3
    United Kingdom 18 0.7
    Other 9 0.3
    Others 30 1.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.2
    Christianity 2515 90.9
    Islam 10 0.4
    Other Religious Groups 4 0.1
    No Religion 230 8.3
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 113 11.8
    $400-$599 153 16.0
    $600-$799 121 12.6
    $800-$999 104 10.9
    $1,000-$1,249 101 10.6
    Others 365 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 891 40.9
    Employed, worked full-time 769 35.3
    Employed, worked part-time 315 14.4
    Unemployed, looking for work 114 5.2
    Employed, away from work 92 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 254 21.6
    Professionals 135 11.5
    Technicians & trades workers 137 11.7
    Community & personal service workers 159 13.5
    Labourers 167 14.2
    Others 323 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 61 10.1
    Infants/Primary 268 44.2
    Secondary 183 30.2
    Technical or Further Educational Institution 60 9.9
    University or other Tertiary Institutions 23 3.8
    Others 11 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2644 96.2
    Semi-detached, row or terrace house, townhouse 50 1.8
    Flat, unit or apartment 36 1.3
    House or flat attached to a shop, office 13 0.5
    Caravan, cabin, houseboat 5 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 457 42.1
    Rented 345 31.8
    Being purchased 269 24.8
    Other tenure type 14 1.3
    Tenure Type
Census 2011, ABS
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