Cooma is a mid-sized suburb in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 6,715, the suburb has an established demographic with a median age of 44. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Cooma is $710,000, having surged 26.8% over the past year. Units have a median price of $516,000 (+72.9% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,300.
Cooma is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1013, which is around the national average of 1,000. Public transport access includes 142 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Cooma offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($710K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.9x is considered moderate. House prices have moved +26.8% year-on-year.
Cooma is a mid-sized suburb in New South Wales within the Snowy Monaro Regional local government area (postcode 2630). With a population of 6,715, the suburb has an established demographic with a median age of 44. Households earn a median income of $71K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Cooma is $710,000, having surged 26.8% over the past year. Units have a median price of $516,000 (+72.9% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,300.
Cooma is served by 3 schools, including 1 primary, 2 combined. The average ICSEA score is 1013, which is around the national average of 1,000. Public transport access includes 142 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Snowy Monaro Regional LGA is below average at 2,178 incidents per 100,000 population.
From an investment perspective, Cooma offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($710K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.9x is considered moderate. House prices have moved +26.8% year-on-year.