Suburb Profile Report for Cobar NSW (2835)

Cobar House: Median price $152,500, Annual capital growth -1.03%, Number of sales 84, Weekly median advertised rent $270

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Property value increases in Cobar have tracked lower than the NSW average of 12.10% over the last 12 months.

A -15.28% growth in median value for property investors in Cobar,2835 puts this suburb at number 17th in terms of best performing suburbs in NSW

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 -8.67% is being offered, which puts this NSW suburb at 108th most discounted overall in Australia.

Often selling an investment property can take time, and in Cobar the average time real estate has been on the market is 116.731 days.

Metrics	HOUSE	UNIT
Median price	$152,500	N/A
Quarterly growth	31.01%	N/A
12-month growth	1.67%	N/A
Average Annual Growth	-1.03%	N/A
Weekly median advertised rent	$270	N/A
Number of sales	84	N/A
Gross rental yield	9.21%	N/A
Days on market	116.730769230769	N/A

DSR Score for property investment : Above average (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