Cobar (postcode 2835) is a smaller suburb in New South Wales within the Cobar local government area. It is home to about 3,603 residents, with a mix of families and early-career residents and a median age of 36. Households earn a median income of $94K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, machinery operators & drivers, professionals. Employment in the area leans toward mining and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Cobar stand at $310,000, having risen by 3.3% over the last twelve months. The current median weekly rent is $230. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,109.
Cobar is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 885, which is well below the national average of 1,000. Public transport access includes 2 rail stations, 84 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cobar LGA is moderate at 7,185 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.9%, which reads as moderate yield. Property prices sit below the state median ($310K/$1.5M), which can point to relative value. The price-to-income ratio of 3.3x is considered affordable. House prices have moved +3.3% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.