Located in New South Wales within the Bogan local government area, Coolabah is a quiet locality (postcode 2831). With a population of 32, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $71K per year, with an average household size of 2.7 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -1.4% 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, labourers, clerical & administrative. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Scottish, Australian.
Median house prices in Coolabah sit at $84,000, little changed on a year ago. The median weekly rent is $106 (Census 2021). This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $867.
Public transport access includes 2 bus stops. The crime rate in the Bogan LGA is low at 0 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.6%, which reads as high yield. Property prices sit below the state median ($84K/$1.5M), which can point to relative value. The price-to-income ratio of 1.2x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of -1.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.