Coolamon

POSTAL CODE: NSW, 2701

HOUSE

Property investors have seen a -0.16% drop in COOLAMON based on a decrease in median home prices for the past three months.

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 $609,000

Profits averaged 8% 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 4.1%.

An average of 3.83 real estate transactions take place per month in COOLAMON which translates to 46 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$609,000	N/A
Growth Report
Median Quarterly	-0.16%	N/A
Median 12 month	4.1%	N/A
Median 3 years	24.8%	N/A
Median 5 years	87.38%	N/A
10 years average annual	9.51%	N/A
Weekly media advert. rent	$480	N/A
Time on Market	80.9 days	N/A
Gross Rental Yield Percent	4.1%	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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