Cumnock is a quiet locality in New South Wales within the Cabonne local government area (postcode 2867). With a population of 491, the suburb has an established demographic with a median age of 44. Households earn a median income of $62K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Cumnock is $220,000, having dropped significantly 33.3% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 13.9%. The median monthly mortgage repayment is $945.
Cumnock is served by 1 school, including 1 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 2 rail stations, 29 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Cumnock offers a gross rental yield of 13.9%, rated as high yield. Property prices sit below the state median ($220K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -33.3% year-on-year.
Cumnock is a quiet locality in New South Wales within the Cabonne local government area (postcode 2867). With a population of 491, the suburb has an established demographic with a median age of 44. Households earn a median income of $62K per year, with an average household size of 2.5 people. The most common occupations are managers, labourers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Cumnock is $220,000, having dropped significantly 33.3% over the past year. The current median weekly rent is $590. This gives a gross rental yield of approximately 13.9%. The median monthly mortgage repayment is $945.
Cumnock is served by 1 school, including 1 primary. The average ICSEA score is 954, which is around the national average of 1,000. Public transport access includes 2 rail stations, 29 bus stops. The crime rate in the Cabonne LGA is low at 1,856 incidents per 100,000 population.
From an investment perspective, Cumnock offers a gross rental yield of 13.9%, rated as high yield. Property prices sit below the state median ($220K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -33.3% year-on-year.