Suburb Profile Report for Cooma NSW (2630)

Cooma House: Median price $317,500, Annual capital growth 4.93%, Number of sales 160, Weekly median advertised rent $340

Cooma Unit: Median price $225,117, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $195

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 2.42% for the last 12 months, Cooma, 2630 has performed for property investments than its average annual 4.93% property growth over the last 5 years.

While Cooma,2630 ranked number 756th in NSW for increase in median house value (annualised) increase, it is ranked 566th over the last 5 years.

Property investors looking for a bargain in Cooma should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2704 in a list of fastest selling suburbs, Cooma is in the bottom 30% of suburbs in Australia with an average of days on market 95.6518 for properties listed there.

With the median price for a house in Cooma being $317500 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 5.57%

Property investors should expect to get $195 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$317,500 $225,117
0.79% -19.89%
2.42% N/A
4.93% N/A
$340 $195
160 12
5.57% 4.50%
95.6517857142857 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 6664
Median household income ($/weekly) 897
Median age of persons 42
Median housing loan repayment ($/monthly) 1200
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 822 12.3
    25-34 years 684 10.3
    35-44 years 852 12.8
    45-54 years 982 14.7
    55-64 years 828 12.4
    Others 2497 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 2239 47.8
    Not Married 1949 41.6
    Defacto Relationship 494 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5358 85.0
    Greece 101 1.6
    Papua New Guinea 100 1.6
    United Kingdom 229 3.6
    Other 156 2.5
    Others 363 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 1.0
    Christianity 4686 78.3
    Hinduism 22 0.4
    Other Religious Groups 20 0.3
    No Religion 1180 19.7
    Others 20 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 280 11.7
    $400-$599 351 14.6
    $600-$799 275 11.4
    $800-$999 262 10.9
    $1,500-$1,999 262 10.9
    Others 973 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2096 40.3
    Employed, worked full-time 1831 35.2
    Employed, worked part-time 922 17.7
    Employed, away from work 186 3.6
    Unemployed, looking for work 165 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 372 12.7
    Professionals 473 16.1
    Technicians & trades workers 464 15.8
    Community & personal service workers 339 11.6
    Clerical & administrative workers 404 13.8
    Others 881 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 136 9.6
    Infants/Primary 488 34.4
    Secondary 461 32.5
    Technical or Further Educational Institution 218 15.4
    University or other Tertiary Institutions 92 6.5
    Others 23 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5539 92.5
    Semi-detached, row or terrace house, townhouse 268 4.5
    Flat, unit or apartment 156 2.6
    House or flat attached to a shop, office 23 0.4
    Caravan, cabin, houseboat 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 995 38.2
    Being purchased 814 31.3
    Rented 778 29.9
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
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