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Cooma
AREA REPORTS

Cooma

Cooma - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2630

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Property investors enjoyed capital gains of 20.63% over the last 12 months in COOMA, translating to lower returns compared with its peers in NSW.

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

The suburb posted a 35.96% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.

On average, rents on listings have reached the $375 mark, reflecting a 5.13% increase in returns based on the current median price in COOMA.

COOMA, 2630 ranks 181st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 106th on the list of best yielding suburbs for rental properties in NSW, posting a 5.13% return.

Data report can be found below

Cooma
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $380,000 N/A
GROWTH REPORT
Median Quarterly 8.57% N/A
Median 12 month 20.63% N/A
Median 3 years 35.96% N/A
Median 5 years 70.79% N/A
10 years average annual 7.28% N/A
Weekly media advert. rent $375 N/A
Time on Market 69.7 days N/A
Gross Rental Yield Percent 5.13% N/A
demographics (median values)*
Total Population
8691
Weekly Household Income
1078
Household Size
2.20
Age
45
Monthly Loan Repayment
1263
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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