Cobbora is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2844). With a population of 25, the suburb has an older demographic with a median age of 57. Households earn a median income of $78K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Cobbora is $50,000, having dropped significantly 94.4% over the past year. The median weekly rent is $190 (Census 2021). This gives a gross rental yield of approximately 19.8%. The median monthly mortgage repayment is $1,284.
Public transport access includes 1 bus stop. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Cobbora offers a gross rental yield of 19.8%, rated as high yield. Property prices sit below the state median ($50K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.6x is considered affordable. House prices have moved -94.4% year-on-year.
Cobbora is a quiet locality in New South Wales within the Warrumbungle Shire local government area (postcode 2844). With a population of 25, the suburb has an older demographic with a median age of 57. Households earn a median income of $78K per year, with an average household size of 3 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Cobbora is $50,000, having dropped significantly 94.4% over the past year. The median weekly rent is $190 (Census 2021). This gives a gross rental yield of approximately 19.8%. The median monthly mortgage repayment is $1,284.
Public transport access includes 1 bus stop. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Cobbora offers a gross rental yield of 19.8%, rated as high yield. Property prices sit below the state median ($50K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.6x is considered affordable. House prices have moved -94.4% year-on-year.