Coomba Park is a small community in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 691, the suburb has an older demographic with a median age of 61. Households earn a median income of $41K per year, with an average household size of 1.9 people. The most common occupations are labourers, professionals, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Coomba Park is $295,000, having dropped significantly 35.2% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $906.
Public transport access includes 14 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 Park offers a gross rental yield of 8.8%, rated as high yield. Property prices sit below the state median ($295K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved -35.2% year-on-year.
Coomba Park is a small community in New South Wales within the Mid-Coast local government area (postcode 2428). With a population of 691, the suburb has an older demographic with a median age of 61. Households earn a median income of $41K per year, with an average household size of 1.9 people. The most common occupations are labourers, professionals, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Coomba Park is $295,000, having dropped significantly 35.2% over the past year. The current median weekly rent is $500. This gives a gross rental yield of approximately 8.8%. The median monthly mortgage repayment is $906.
Public transport access includes 14 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 Park offers a gross rental yield of 8.8%, rated as high yield. Property prices sit below the state median ($295K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 7.2x is considered moderate. House prices have moved -35.2% year-on-year.