Coolamon is a smaller suburb in New South Wales within the Coolamon local government area (postcode 2701). With a population of 2,275, the suburb has an established demographic with a median age of 42. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Coolamon is $273,000, having dropped significantly 45.2% over the past year. Units have a median price of $237,000. The current median weekly rent is $370. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,500.
Coolamon is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 999, which is around the national average of 1,000. Public transport access includes 1 rail station, 92 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Coolamon LGA is low at 1,929 incidents per 100,000 population.
From an investment perspective, Coolamon offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($273K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.7x is considered affordable. House prices have moved -45.2% year-on-year.
Coolamon is a smaller suburb in New South Wales within the Coolamon local government area (postcode 2701). With a population of 2,275, the suburb has an established demographic with a median age of 42. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Coolamon is $273,000, having dropped significantly 45.2% over the past year. Units have a median price of $237,000. The current median weekly rent is $370. This gives a gross rental yield of approximately 7.1%. The median monthly mortgage repayment is $1,500.
Coolamon is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 999, which is around the national average of 1,000. Public transport access includes 1 rail station, 92 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Coolamon LGA is low at 1,929 incidents per 100,000 population.
From an investment perspective, Coolamon offers a gross rental yield of 7.1%, rated as high yield. Property prices sit below the state median ($273K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.7x is considered affordable. House prices have moved -45.2% year-on-year.