Suburb Profile Report for Cobar NSW (2835)

Cobar House: Median price $116,400, Annual capital growth -3.02%, Number of sales 71, Weekly median advertised rent $250

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. 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 Cobar, 2835 have given investors a capital gain of -47.09%. This compares very badly with the 8.06% for NSW as a whole.

A -36.57% growth in median value for property investors in Cobar,2835 puts this suburb at number 962th in terms of best performing suburbs in NSW

Cobar2835 is located in NSW which offers an average discount of -4.33% to property investors. Cobar itself is showing figures that indicate -10.77% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $250 and the average annual increase in value of a median property of -3.02%, investors should hope to achieve an overall return of 11.17%

Metrics	HOUSE	UNIT
Median price	$116,400	N/A
Quarterly growth	0.34%	N/A
12-month growth	-47.09%	N/A
Average Annual Growth	-3.02%	N/A
Weekly median advertised rent	$250	N/A
Number of sales	71	N/A
Gross rental yield	11.17%	N/A
Days on market	135.5	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