Located in New South Wales within the Mid-Western Regional local government area, Cooks Gap is a small locality (postcode 2850). With a population of 549, the suburb has an established family demographic with a median age of 43. Households earn a median income of $85K per year, with an average household size of 2.6 people. 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 machinery operators & drivers, technicians & trades, labourers. Employment in the area leans toward mining and retail trade. The top ancestries reported are Australian, English, Irish.
Median house prices in Cooks Gap stand at $850,000, having jumped by 36.5% over the last twelve months. The current median weekly rent is $590. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $1,700.
Public transport access includes 20 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.6% (moderate yield). Property prices sit below the state median ($850K/$1.5M), which can point to relative value. The price-to-income ratio of 10.0x is considered moderate. House prices have moved +36.5% year-on-year.