Located in New South Wales within the Blacktown local government area, Colebee is a compact suburb (postcode 2761). It is home to about 4,914 residents, with a mix of families and early-career residents and a median age of 33. Households earn a median income of $168K per year, with an average household size of 3.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% 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 professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Indian, Filipino, Australian.
The median house price in Colebee is $1.3 million, having edged higher by 1.9% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $3,000.
Public transport access includes 14 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 8.0x is considered moderate. House prices have moved +1.9% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.