Condobolin is a smaller suburb in New South Wales within the Lachlan local government area (postcode 2877). With a population of 3,185, the suburb has an established demographic with a median age of 39. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are managers, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Condobolin is $378,000, having surged 32.5% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,000.
Condobolin is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 904, which is below the national average of 1,000. Public transport access includes 1 rail station, 113 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lachlan LGA is moderate at 6,331 incidents per 100,000 population.
From an investment perspective, Condobolin offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($378K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +32.5% year-on-year.
Condobolin is a smaller suburb in New South Wales within the Lachlan local government area (postcode 2877). With a population of 3,185, the suburb has an established demographic with a median age of 39. Households earn a median income of $67K per year, with an average household size of 2.4 people. The most common occupations are managers, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Condobolin is $378,000, having surged 32.5% over the past year. The current median weekly rent is $365. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,000.
Condobolin is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 904, which is below the national average of 1,000. Public transport access includes 1 rail station, 113 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Lachlan LGA is moderate at 6,331 incidents per 100,000 population.
From an investment perspective, Condobolin offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($378K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +32.5% year-on-year.