Cobar is a smaller suburb in New South Wales within the Cobar local government area (postcode 2835). With a population of 3,603, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $94K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, machinery operators & drivers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Cobar is $393,000, having surged 37.7% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 4.0%. 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 7,298 incidents per 100,000 population.
From an investment perspective, Cobar offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($393K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +37.7% year-on-year.
Cobar is a smaller suburb in New South Wales within the Cobar local government area (postcode 2835). With a population of 3,603, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $94K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, machinery operators & drivers, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Cobar is $393,000, having surged 37.7% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 4.0%. 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 7,298 incidents per 100,000 population.
From an investment perspective, Cobar offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($393K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +37.7% year-on-year.