Coolamon (postcode 2701) is a smaller suburb in New South Wales within the Coolamon local government area. The area has roughly 2,275 residents and 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.3% 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 professionals, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Coolamon has a median house price of $648,000, which has jumped by 43.9% year-on-year. The current median weekly rent is $500. This gives a gross rental yield of approximately 4.0%. 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 1,956 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($648K/$1.5M), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +43.9% year-on-year. Population growth of +2.3% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.