Cootamundra is a mid-sized suburb in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2590). With a population of 6,885, the suburb has 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. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cootamundra is $364,000, having dropped significantly 20.1% over the past year. Units have a median price of $290,000 (-25.8% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 5.0%. 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.
From an investment perspective, Cootamundra offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($364K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -20.1% year-on-year.
Cootamundra is a mid-sized suburb in New South Wales within the Cootamundra-Gundagai Regional local government area (postcode 2590). With a population of 6,885, the suburb has 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. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Cootamundra is $364,000, having dropped significantly 20.1% over the past year. Units have a median price of $290,000 (-25.8% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 5.0%. 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.
From an investment perspective, Cootamundra offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($364K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.7x is considered moderate. House prices have moved -20.1% year-on-year.