Condobolin is a compact 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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, community & personal service, machinery operators & drivers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Condobolin stand at $422,000, having risen steeply by 50.5% over the last twelve months. The current median weekly rent is $290. This gives a gross rental yield of approximately 3.6%. 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 6,296 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.6%, which reads as moderate yield. Property prices sit below the state median ($422K/$1.5M), which can point to relative value. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +50.5% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.