Located in New South Wales within the Cootamundra-Gundagai Regional local government area, Coolac is a small, quiet locality (postcode 2727). It is home to about 244 residents, with a mix of families and early-career residents and a median age of 37. Households earn a median income of $85K per year, with an average household size of 2.7 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 managers, professionals, labourers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are English, Australian, Irish.
Median house prices in Coolac sit at $295,000, little changed on a year ago. The current median weekly rent is $225. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,133.
Public transport access includes 15 bus stops.
From an investment perspective, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($295K/$1.5M), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +0.0% year-on-year.