Cooranbong

POSTAL CODE: NSW, 2265
HOUSE
COORANBONG ranks 1136th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.14% for the past year is lower than average compared to its 60.48% growth within a five-year period.

Also in COORANBONG, the median home price is sitting at $930,000, and the average rent at $770, this suggests property owners could potentially earn a 4.31% increase in gross rental yield.

Property investors have seen a 0.27% gain in COORANBONG based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.2% growth over a ten-year period. It ranks 1898th on our list of suburbs that property investors should look into.

Surburb overview

Cooranbong is a suburb in the City of Lake Macquarie, NSW, with postcode 2265, situated west of Morisset and between Lake Macquarie and the Watagan Mountains.

The suburb is about 45 kilometres southwest of Newcastle’s central business district, while Sydney is roughly 120 kilometres to the south.

The 2021 Census recorded 7,077 residents in Cooranbong, comprising 48.1 per cent male and 51.9 per cent female residents. 

The median age was 39, matching the NSW median recorded in the same Census. 

Cooranbong contained 2,755 private dwellings, with an average household size of 2.7 people and a median weekly household income of $1,639. 

The suburb does not have a railway station; Morisset provides the nearest rail connection to Newcastle, the Central Coast, and Sydney.

Transport for NSW’s Route 280 connects Cooranbong with Morisset Station via Freemans Drive, with stops serving the Avondale area and other parts of the suburb. 

Education facilities include Cooranbong Public School, Avondale School and Avondale University.

Residents have access to everyday shopping within the suburb, including Woolworths Cooranbong and IGA Local Grocer Cooranbong, while Morisset provides additional retail and services.

Local healthcare facilities include Waratah Medical Services Cooranbong and Ridges Family Medical Practice. 

Outdoor recreation is available at Watagan National Park, where the surrounding forest environment supports bushwalking, picnicking and other nature-based activities.

Cooranbong Playground provides another local recreation space along Freemans Drive, while the broader district offers access to Lake Macquarie and its water-based activities.

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