Cooyal is a small, quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). It is home to about 137 residents, with a mature demographic and a median age of 45. Households earn a median income of $126K per year, with an average household size of 2.7 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, technicians & trades, clerical & administrative. Employment in the area leans toward mining and manufacturing. The top ancestries reported are English, Australian, Irish.
Cooyal has a median house price of $850,000, which has dropped significantly by 22.7% year-on-year. The current median weekly rent is $590. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,000.
Public transport access includes 10 bus stops. The crime rate in the Mid-Western Regional LGA is below average at 3,271 incidents per 100,000 population.
Looking at the investment signals, Cooyal shows a gross rental yield of approximately 3.6%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved -22.7% year-on-year.