Cumbo is a quiet locality in New South Wales within the Mid-Western Regional local government area (postcode 2850). It is home to about 3 residents, with a predominantly older resident base and a median age of 59. Households earn a median income of $143K per year, with an average household size of 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.
Median house prices in Cumbo sit at $370,000, little changed on a year ago. The current median weekly rent is $590. This gives a gross rental yield of approximately 8.3%.
Public transport access includes 1 bus stop. 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, Gross rental yield sits at around 8.3% (high yield). Property prices sit below the state median ($370K/$1.5M), which can point to relative value. The price-to-income ratio of 2.6x is considered affordable. House prices have moved +0.0% year-on-year.