Coolamon

POSTAL CODE: NSW, 2701

HOUSE

Property investors have seen a 10.26% gain in COOLAMON based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on COOLAMON, 2701 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 42.54%.

Based on its average 5-year and quarterly capital gains COOLAMON, 2701 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $645,000

Profits averaged 7% per annum over a 3-year period, due to an upward trend in home prices in COOLAMON, 2701.

This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

The gross rental yield in COOLAMON, 2701 is 3.87%.

An average of 4.58 real estate transactions take place per month in COOLAMON which translates to 55 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$645,000	N/A
Growth Report
Median Quarterly	10.26%	N/A
Median 12 month	42.54%	N/A
Median 3 years	21.7%	N/A
Median 5 years	103.15%	N/A
10 years average annual	12.58%	N/A
Weekly media advert. rent	$480	N/A
Time on Market	111.8 days	N/A
Gross Rental Yield Percent	3.87%	N/A

Demographics (Median Values)*

Total Population 2388

Weekly Household Income 1311

Household Size 2.70

Average Age 42

Monthly Loan Repayment 1300

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

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