Cooks Gap is a small community in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 549, the suburb has an established 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. The most common occupations are machinery operators & drivers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Cooks Gap is $415,000, having dropped significantly 50.6% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 7.7%. 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 3,221 incidents per 100,000 population.
From an investment perspective, Cooks Gap offers a gross rental yield of 7.7%, rated as high yield. Property prices sit below the state median ($415K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -50.6% year-on-year.
Cooks Gap is a small community in New South Wales within the Mid-Western Regional local government area (postcode 2850). With a population of 549, the suburb has an established 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. The most common occupations are machinery operators & drivers, technicians & trades, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Cooks Gap is $415,000, having dropped significantly 50.6% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 7.7%. 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 3,221 incidents per 100,000 population.
From an investment perspective, Cooks Gap offers a gross rental yield of 7.7%, rated as high yield. Property prices sit below the state median ($415K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.9x is considered affordable. House prices have moved -50.6% year-on-year.