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Cobargo, NSW 2550

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 Cobargo, NSW 2550 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 “Cobargo, NSW 2550”

  1. The total adult population (15 years or older) of Cobargo 2550 NSW is 663, with a median age of 56. Of those, 45.25% are married, 16.44% are divorced or separated, 31.07% are single and 6.33% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,396. The median monthly mortgage repayment for households in this suburb is $1,020 which is 18.90% of their earnings.

    Source: ABS Census Data (2021)

  2. COBARGO 2550 is a suburb nestled in New South Wales. This modest community hosts an estimated total of 473 households, presenting a uniquely intimate property market. As we venture into Q3 of 2023, typical house prices in COBARGO 2550 are standing at $565,827. The median weekly rent hovers around $421, these parameters combine to provide an indicative yield of about 3.87%, which slightly surpasses the minimum attractive market requirement of 3% for cashflow-focused property investors.

    Further breaking down the data, COBARGO’s IRSAD (index of relative socio-economic advantage and disadvantage) score situates itself at a comfortable 928 out of 1217. This suggests a reasonably well-off socioeconomic status of the local population, strengthening the area’s standing in the property investor’s eye.

    The renter to owner ratio in COBARGO is an appealing 19%, considerably lower than the 30% threshold which alludes to markets oversaturated with rental properties. This indicates a low risk, and low long-term rental occupancy competition for property owners.

    In terms of property type, the units to houses ratio is a favourable low 3%, suggestive of fewer landlords competing for tenants and higher potential to attract longer-term family tenants.

    Yet, it’s worth noting that COBARGO’s affordability index for houses stands at 41 years, somewhat higher than the standard 30-year mortgage period, signalling a decreased measure of affordability in the area.

    Inventory analysis shows that the stock on market Percentage for houses is a low 0.23% and inventory level for houses averages at about 1.5 months, suggesting a favourable market condition with lower supply. Meanwhile, the building approvals Ratio for houses rests at 0.0%, indicating a potential shortage of new supply in the pipeline.

    The average days on market (DoM) for houses in COBARGO is relatively high at 296 days, which may suggest lower demand in the region. However, the Vacancy Rate, which combines houses and units, is a low 1.14%, pointing to high demand despite the longer DoM. The buy search index for houses sits at the state/city average of 5, offering neutral demand signals.

    In closing, given the favourable majority of metrics, COBARGO 2550 in NSW presents itself as an interesting potential for property investors despite some unfavourable indications such as the higher DoM and Affordability Index. Like always, staying informed of the ongoing trends and market developments is crucial to making discerning investment decisions.

    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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