Suburb Profile Report for Cowra NSW (2794)

Cowra House: Median price $269,000, Annual capital growth 5.00%, Number of sales 197, Weekly median advertised rent $270

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Over the last year, property investments in Cowra, 2794 have given investors a capital gain of 3.46%. This compares favourably with the -2.98% for NSW as a whole.

Across a shorter period, Cowra, 2794 has seen a median price increase of -1.82% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Cowra is offering property investors an average of -7.19. This rate of discount on properties puts Suburb at number 403th in terms of most discounted suburbs in NSW

Advertised rents are around the $270 mark per week – giving a return of 5.22% based on the median price in Suburb

Information supplied by:


April 2019

M
O

W
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Low prices coupled with high yield

Postcode: 2794

Median house price: $260,000

Three-year growth: 13.0%

Rental yield: 5.1%

The biggest population centre in the Cowra shire, the suburb of Cowra is known for its historic beauty and food scene.

It is also highly affordable, as houses come in at a median price of just $260,000 as of February 2019, after values went up by 4% over the last 12 months. It offers strong rental returns at an average of 5.1%.

It is the home of the peaceful Japanese Garden, and of the Japanese and Australian war cemeteries as a result of its partnership with Japan. The local heritage walk winds through the best historical spots in the area.

Cowra also houses several vineyards where both residents and visitors can enjoy great local produce and excellent wine. With the wealth of tourists in the area, it has a bustling commercial scene that nevertheless doesn’t take away from its country vibe.

Metrics i HOUSE UNIT
$269,000 N/A
-1.82% N/A
3.46% N/A
5.00% N/A
$270 N/A
197 N/A
5.22% N/A
106.833333333333 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 9730
Median household income ($/weekly) 787
Median age of persons 44
Median housing loan repayment ($/monthly) 1127
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 1333 13.7
    35-44 years 1127 11.6
    45-54 years 1229 12.6
    55-64 years 1368 14.1
    65-74 years 1103 11.3
    Others 3570 36.7
    Age Group
    Census Count Percent(%)
    Registered Married 3502 50.5
    Not Married 2787 40.2
    Defacto Relationship 641 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 8446 94.0
    Greece 31 0.3
    Papua New Guinea 51 0.6
    United Kingdom 204 2.3
    Other 81 0.9
    Others 173 1.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.4
    Christianity 7671 87.1
    Hinduism 13 0.1
    Other Religious Groups 17 0.2
    No Religion 1053 12.0
    Others 21 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 431 12.9
    $400-$599 540 16.2
    $600-$799 434 13.0
    $800-$999 378 11.4
    $1,000-$1,249 312 9.4
    Others 1235 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3296 45.4
    Employed, worked full-time 2249 31.0
    Employed, worked part-time 1232 17.0
    Unemployed, looking for work 273 3.8
    Employed, away from work 216 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 585 15.8
    Professionals 500 13.5
    Technicians & trades workers 561 15.2
    Clerical & administrative workers 424 11.5
    Labourers 518 14.0
    Others 1108 30.0
    Occupation
    Census Count Percent(%)
    Pre-school 196 9.5
    Infants/Primary 774 37.5
    Secondary 694 33.6
    Technical or Further Educational Institution 271 13.1
    University or other Tertiary Institutions 94 4.6
    Others 35 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8330 93.7
    Semi-detached, row or terrace house, townhouse 211 2.4
    Flat, unit or apartment 276 3.1
    Caravan, cabin, houseboat 27 0.3
    House or flat attached to a shop, office 38 0.4
    Others 7 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1526 42.2
    Rented 1049 29.0
    Being purchased 1011 27.9
    Other tenure type 34 0.9
    Tenure Type
Census 2011, ABS
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