Coolac is a quiet locality in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2727). With a population of 244, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $85K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Coolac is $500,000, having dropped significantly 85.2% over the past year. The median weekly rent is $125 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,133.
Public transport access includes 15 bus stops.
From an investment perspective, Coolac offers a gross rental yield of 1.3%, rated as low yield. Property prices sit below the state median ($500K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -85.2% year-on-year.
Coolac is a quiet locality in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2727). With a population of 244, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $85K per year, with an average household size of 2.7 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Coolac is $500,000, having dropped significantly 85.2% over the past year. The median weekly rent is $125 (Census 2021). This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $1,133.
Public transport access includes 15 bus stops.
From an investment perspective, Coolac offers a gross rental yield of 1.3%, rated as low yield. Property prices sit below the state median ($500K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved -85.2% year-on-year.