Coomealla is a small community in New South Wales within the Wentworth local government area (postcode 2717). With a population of 748, the suburb has an established demographic with a median age of 43. Households earn a median income of $71K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Coomealla is $350,000, having dropped significantly 33.3% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,083.
Public transport access includes 4 bus stops. The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Coomealla offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.0x is considered affordable. House prices have moved -33.3% year-on-year.
Coomealla is a small community in New South Wales within the Wentworth local government area (postcode 2717). With a population of 748, the suburb has an established demographic with a median age of 43. Households earn a median income of $71K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Coomealla is $350,000, having dropped significantly 33.3% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,083.
Public transport access includes 4 bus stops. The crime rate in the Wentworth LGA is moderate at 5,817 incidents per 100,000 population.
From an investment perspective, Coomealla offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($350K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.0x is considered affordable. House prices have moved -33.3% year-on-year.