Located in New South Wales within the Wentworth local government area, Coomealla is a close-knit residential community (postcode 2717). With a population of 748, the suburb has an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, community & personal service. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Coomealla stand at $440,000, having risen steeply by 22.2% over the last twelve months. The current median weekly rent is $200. This gives a gross rental yield of approximately 2.4%. 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 5,905 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.4% (low yield). Property prices sit below the state median ($440K/$1.5M), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +22.2% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.