Located in New South Wales within the Gwydir local government area, Coolatai is a sparsely populated locality (postcode 2402). The area has roughly 99 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 managers, professionals, clerical & administrative. Employment in the area leans toward agriculture and wholesale trade. The top ancestries reported are Australian, English, Irish.
Coolatai has a median house price of $272,000, which has softened modestly by 2.9% year-on-year. The current median weekly rent is $375. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $430.
Public transport access includes 8 bus stops. The crime rate in the Gwydir LGA is below average at 3,401 incidents per 100,000 population.
From an investment perspective, Coolatai shows a gross rental yield of approximately 7.2%, rated as high yield. Property prices sit below the state median ($272K/$1.5M), which can point to relative value. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -2.9% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.