Coonamble is a smaller suburb in New South Wales within the Coonamble local government area (postcode 2829). With a population of 2,666, the suburb has an established demographic with a median age of 38. Households earn a median income of $63K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, managers, professionals. The top ancestries reported are Australian, Aboriginal Australian, English.
The median house price in Coonamble is $250,000, having surged 25% over the past year. Units have a median price of $85,000 (+21.4% YoY). The current median weekly rent is $320. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $883.
Coonamble is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 792, which is well below the national average of 1,000. Public transport access includes 2 tram stops, 67 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Coonamble LGA is higher than average at 8,783 incidents per 100,000 population.
From an investment perspective, Coonamble offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +25.0% year-on-year.
Coonamble is a smaller suburb in New South Wales within the Coonamble local government area (postcode 2829). With a population of 2,666, the suburb has an established demographic with a median age of 38. Households earn a median income of $63K per year, with an average household size of 2.4 people. The most common occupations are community & personal service, managers, professionals. The top ancestries reported are Australian, Aboriginal Australian, English.
The median house price in Coonamble is $250,000, having surged 25% over the past year. Units have a median price of $85,000 (+21.4% YoY). The current median weekly rent is $320. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $883.
Coonamble is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 792, which is well below the national average of 1,000. Public transport access includes 2 tram stops, 67 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Coonamble LGA is higher than average at 8,783 incidents per 100,000 population.
From an investment perspective, Coonamble offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($250K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +25.0% year-on-year.