Cootamundra

POSTAL CODE: NSW, 2590

HOUSE

UNIT

COOTAMUNDRA, 2590 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling COOTAMUNDRA, 2590 values up and netting property investors a capital gain of 4.65% for the past year.

Investors saw the median home price rise to $450,000.

Profits due to an upward trend in home prices in the suburb averaged 7.76% per annum over a 3-year period.

COOTAMUNDRA now ranks at the 696th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in COOTAMUNDRA are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $450 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In COOTAMUNDRA, homes and units usually stay on listing for an average of 116.5 days.

In 2016, 185 properties were sold in COOTAMUNDRA during the past year, making it the 976th most active market in NSW based on total real estate transactions.

COOTAMUNDRA ranks 500th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

COOTAMUNDRA, 2590 has a capital gain of 30.1% for the past year, which is higher than average compared to its 95.92% growth within a five-year period.

COOTAMUNDRA, 2590 ranks 103rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 30.1% for property investors last year.

With the median home price in COOTAMUNDRA sitting at $408,500, and the average rent at $300, property owners could potentially earn a 3.82% increase in gross rental yield.

Property investors have seen a 0% gain in COOTAMUNDRA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on COOTAMUNDRA, 2590 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 30.1%.

A survey of average capital gains or median home price increase in suburbs across the country shows that COOTAMUNDRA, 2590 obtained a 24.4% growth over a ten-year period. It ranks 1272nd on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$450,000	$408,500
Growth Report
Median Quarterly	1.69%	0%
Median 12 month	4.65%	30.1%
Median 3 years	23.29%	0%
Median 5 years	57.89%	95.92%
10 years average annual	8.52%	24.4%
Weekly media advert. rent	$450	$300
Time on Market	116.5 days	151.4 days
Gross Rental Yield Percent	5.2%	3.82%

Demographics (Median Values)*

Total Population 7093

Weekly Household Income 910

Household Size 2.20

Average Age 49

Monthly Loan Repayment 1127

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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