Cootamundra (postcode 2590) is a moderately sized suburb in New South Wales within the Cootamundra-Gundagai Regional local government area. The area has roughly 6,885 residents and a mature demographic, with a median age of 51. Households earn a median income of $54K per year, with an average household size of 2.2 people. 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
The median house price in Cootamundra is $570,000, having surged by 28.1% over the past year. Units have a median price of $385,000 (+21.1% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,149.
Cootamundra is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 924, which is below the national average of 1,000. Public transport access includes 1 rail station, 193 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Gross rental yield sits at around 5.5% (high yield). Property prices sit below the state median ($570K/$1.5M), which can point to relative value. The price-to-income ratio of 10.6x is considered stretched. House prices have moved +28.1% year-on-year.