Coolah is a small community in New South Wales within the Warrumbungle Shire local government area (postcode 2843). With a population of 1,262, the suburb has a settled, mature resident base with a median age of 47. Households earn a median income of $60K per year, with an average household size of 2.4 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, technicians & trades, labourers. Employment in the area leans toward agriculture and education. The top ancestries reported are English, Australian, Irish.
Coolah has a median house price of $358,000, which has grown strongly by 8.3% year-on-year. The median weekly rent is $170 (Census 2021). This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,000.
Coolah is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 946, which is below the national average of 1,000. Public transport access includes 69 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Warrumbungle Shire LGA is moderate at 5,386 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices sit below the state median ($358K/$1.5M), which can point to relative value. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +8.3% year-on-year.