Coleambally is a small community in New South Wales within the Murrumbidgee local government area (postcode 2707). The area has roughly 1,152 residents and an established demographic, with a median age of 43. Households earn a median income of $81K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% 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 managers, professionals, clerical & administrative. Employment in the area leans toward agriculture and education. The top ancestries reported are Australian, English, Irish.
Median house prices in Coleambally stand at $410,000, having surged by 39% over the last twelve months. The current median weekly rent is $420. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $867.
Coleambally is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 72 bus stops. The crime rate in the Murrumbidgee LGA is below average at 3,715 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 5.3%, which reads as high yield. Property prices sit below the state median ($410K/$1.5M), which can point to relative value. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +39.0% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.