Cobargo is a small community in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 766, the suburb has an older demographic with a median age of 56. Households earn a median income of $50K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Cobargo is $523,000, having dropped significantly 13.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,020.
Cobargo is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 1 rail station, 47 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Cobargo offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($523K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -13.6% year-on-year.
Cobargo is a small community in New South Wales within the Bega Valley local government area (postcode 2550). With a population of 766, the suburb has an older demographic with a median age of 56. Households earn a median income of $50K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Cobargo is $523,000, having dropped significantly 13.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,020.
Cobargo is served by 1 school, including 1 primary. The average ICSEA score is 941, which is below the national average of 1,000. Public transport access includes 1 rail station, 47 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Cobargo offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($523K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -13.6% year-on-year.