Suburb Profile Report for Cobar NSW (2835)

Cobar House: Median price $116,000, Annual capital growth -3.38%, Number of sales 55, Weekly median advertised rent $265

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

Property investors who have had real estate in Cobar, 2835 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -46.05%

Cobar,2835 was ranked 4179 in Australia by increase in median property value over the 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 Cobar, 2835. Typically our figures indicate that -11.04% is being offered, which puts this NSW suburb at 42th most discounted overall in Australia.

Renters in Suburb are facing rents around $13780 per annum or $265 every week.

Metrics	HOUSE	UNIT
Median price	$116,000	N/A
Quarterly growth	-17.14%	N/A
12-month growth	-46.05%	N/A
Average Annual Growth	-3.38%	N/A
Weekly median advertised rent	$265	N/A
Number of sales	55	N/A
Gross rental yield	11.88%	N/A
Days on market	129.95	N/A

DSR Score for property investment : Balanced (H), Balanced (U)

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Demographics

Total population	3816
Median household income ($/weekly)	1422
Median age of persons	35
Median housing loan repayment ($/monthly)	1322
Average household size	2.4

Census	Count	Percent(%)
5-14 years	522	13.7
25-34 years	567	14.9
35-44 years	509	13.3
45-54 years	553	14.5
55-64 years	398	10.4
Others	1267	33.2

Age Group

Census	Count	Percent(%)
Registered Married	1107	44.5
Not Married	966	38.9
Defacto Relationship	412	16.6

Social Marital Status

Census	Count	Percent(%)
Australia	3169	91.6
Papua New Guinea	72	2.1
South Africa	18	0.5
United Kingdom	44	1.3
Other	65	1.9
Others	92	2.7

Country of Birth

Census	Count	Percent(%)
Buddhism	19	0.6
Christianity	2798	82.6
Hinduism	14	0.4
Other Religious Groups	8	0.2
No Religion	541	16.0
Others	6	0.2

Religious Affiliation

Census	Count	Percent(%)
$300-$399	96	7.8
$400-$599	115	9.3
$1,000-$1,249	104	8.4
$1,500-$1,999	164	13.3
$2,500-$2,999	182	14.7
Others	573	46.4

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1268	46.8
Not in the labour force	817	30.2
Employed, worked part-time	394	14.5
Employed, away from work	137	5.1
Unemployed, looking for work	92	3.4

Person Characteristics

Census	Count	Percent(%)
Professionals	203	11.3
Technicians & trades workers	380	21.1
Clerical & administrative workers	165	9.2
Machinery operators & drivers	394	21.9
Labourers	193	10.7
Others	467	25.9

Occupation

Census	Count	Percent(%)
Pre-school	72	9.4
Infants/Primary	337	43.8
Secondary	195	25.4
Technical or Further Educational Institution	102	13.3
University or other Tertiary Institutions	53	6.9
Others	10	1.3

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	3081	92.2
Flat, unit or apartment	171	5.1
Semi-detached, row or terrace house, townhouse	34	1.0
Caravan, cabin, houseboat	30	0.9
House or flat attached to a shop, office	24	0.7
Others	0	0.0