Coolatai is a quiet locality in New South Wales within the Gwydir local government area (postcode 2402). With a population of 99, the suburb has an established demographic with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Coolatai is $43,000, having dropped significantly 86.7% over the past year. The current median weekly rent is $170. This gives a gross rental yield of approximately 20.8%. 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 3,433 incidents per 100,000 population.
From an investment perspective, Coolatai offers a gross rental yield of 20.8%, rated as high yield. Property prices sit below the state median ($43K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.8x is considered affordable. House prices have moved -86.7% year-on-year.
Coolatai is a quiet locality in New South Wales within the Gwydir local government area (postcode 2402). With a population of 99, the suburb has an established demographic with a median age of 42. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Coolatai is $43,000, having dropped significantly 86.7% over the past year. The current median weekly rent is $170. This gives a gross rental yield of approximately 20.8%. 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 3,433 incidents per 100,000 population.
From an investment perspective, Coolatai offers a gross rental yield of 20.8%, rated as high yield. Property prices sit below the state median ($43K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.8x is considered affordable. House prices have moved -86.7% year-on-year.