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Coolamon, NSW 2701

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Coolamon, NSW 2701 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Coolamon, NSW 2701”

  1. The total adult population (15 years or older) of Coolamon 2701 NSW is 1,805, with a median age of 42. Of those, 49.70% are married, 12.80% are divorced or separated, 29.53% are single and 8.42% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,336. The median monthly mortgage repayment for households in this suburb is $1,500 which is 20.45% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of New South Wales, the suburb of Coolamon 2701 is estimated to be the locality for approximately 1235 households. Based on statistics provided for Q3 of 2023, the typical prices for houses in Coolamon 2701 average out to a figure of $508,364. The median weekly rent for these properties sits at $385, churning out an indicative yield of 3.94%, making it an interesting prospect for cashflow-focused property investors.

    On exploring the socio-economic indicators, Coolamon 2701 carries an impressive IRSAD score of 964 out of a possible 1217. This score signifies a relatively high socio-economic status with greater access to resources, higher income levels and a likely preponderance of skilled professions.

    In terms of property distribution, the suburb displays a healthy renter to owner ratio of 17%, making it indicative of a favourable investment as it is likely to present higher returns in the long term. Likewise, the units to houses ratio in the area is a meagre 1%, indicating less competition amongst landlords for tenants and a propensity for longer tenancy periods.

    Affordability remains high in Coolamon 2701, with the affordability index standing at 27 years. This reflects that despite the relatively high property prices, the area remains within the means of many home buyers.

    On the supply side, the stock on market Percentage comes in at a mere 0.16%, signifying a low supply market that is likely to maintain or boost property values in the area. The inventory level aligns with this trend, recording a low supply index of just 0.89 months. Meanwhile, the building approvals Ratio for houses sticks to a minimal 0.32%, further affirming the low supply scenario.

    In terms of property market demand, on average, houses in the area spend 55 days on the market, indicating a relatively high demand. The vacancy rate, combining both houses and units, stands at 1.4% offering a similar impression of high demand.

    Lastly, when considering the Buy Search Index, it sits at a figure of 3, indicating a neutral to limited demand status for houses within the area.

    Overall, given a keen eye on the market developments and sophisticated tools like the RCS developed by HtAG Analytics, Coolamon 2701 presents itself as a property market worth considering for aspiring investors and buyers.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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