Coonabarabran is a smaller suburb in New South Wales within the Warrumbungle Shire local government area (postcode 2357). With a population of 3,477, the suburb has a mature demographic with a median age of 50. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Coonabarabran is $310,000, having surged 14.8% over the past year. Units have a median price of $120,000 (-55.6% YoY). The current median weekly rent is $360. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,000.
Coonabarabran is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 904, which is below the national average of 1,000. Public transport access includes 142 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Coonabarabran offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($310K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.2x is considered affordable. House prices have moved +14.8% year-on-year.
Coonabarabran is a smaller suburb in New South Wales within the Warrumbungle Shire local government area (postcode 2357). With a population of 3,477, the suburb has a mature demographic with a median age of 50. Households earn a median income of $60K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Coonabarabran is $310,000, having surged 14.8% over the past year. Units have a median price of $120,000 (-55.6% YoY). The current median weekly rent is $360. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $1,000.
Coonabarabran is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 904, which is below the national average of 1,000. Public transport access includes 142 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Warrumbungle Shire LGA is moderate at 5,613 incidents per 100,000 population.
From an investment perspective, Coonabarabran offers a gross rental yield of 6.0%, rated as high yield. Property prices sit below the state median ($310K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.2x is considered affordable. House prices have moved +14.8% year-on-year.