Coomba Bay is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 168, the suburb has an older demographic with a median age of 58. Households earn a median income of $82K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Coomba Bay is $1.2 million, having dropped significantly 45.6% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,517.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Coomba Bay offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.8x is considered stretched. House prices have moved -45.6% year-on-year.
Coomba Bay is a quiet locality in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 168, the suburb has an older demographic with a median age of 58. Households earn a median income of $82K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Coomba Bay is $1.2 million, having dropped significantly 45.6% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,517.
Public transport access includes 4 bus stops. The crime rate in the Mid-Coast LGA is below average at 3,753 incidents per 100,000 population.
From an investment perspective, Coomba Bay offers a gross rental yield of 2.1%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 14.8x is considered stretched. House prices have moved -45.6% year-on-year.