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Condobolin, NSW 2877

Home » NSW Real Estate Data » Lachlan, NSW » Condobolin, NSW 2877

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 Condobolin, NSW 2877 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Condobolin, NSW 2877”

  1. The total adult population (15 years or older) of Condobolin 2877 NSW is 2,510, with a median age of 39. Of those, 43.07% are married, 11.35% are divorced or separated, 37.41% are single and 8.09% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,752. The median monthly mortgage repayment for households in this suburb is $1,000 which is 14.81% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in New South Wales, the suburb of Condobolin 2877 is home to around 2,198 households. As of the third quarter of 2023, this modest community presents an attractive market with typical house prices sitting at an affordable $302,175. This value matches well with a median weekly rent of $272, providing landlords with an impressive indicative yield of 4.68%.

    Condobolin 2877’s socio-economic scale score registers at a healthy 914 out of 1,217, suggesting a community that enjoys reasonable access to economic resources, including steady incomes and skill-based professions. The renter to owner ratio of 30% leans towards a long-term rental market, which is favourable for providing consistent investment returns. Interestingly, the units to houses ratio stands at 0%, indicating a market where family-friendly houses dominate and enjoying less competition from unit landlords.

    The affordability index is an attractive 18 years, suggesting that home ownership is within reach for many residents. It reflects more than just appealing property prices – it’s an indicator of the area’s overall economic health, factoring in aspects like income levels and interest rates.

    The supply factors for Condobolin 2877 also reveal promising figures, with a stock on market Percentage landing at a favourable 0.09%. This low figure signifies a smaller number of unsold dwellings. Meanwhile, the inventory level registers at a positive 1.5 months, further consolidating the market’s potential by illustrating its capacity to absorb new listings. With a low building approvals Ratio for houses at 0.09%, it suggests future supply is also under control.

    On the demand side, the days on market for houses average 43 days, while not the fastest, it’s not protracted either which typically indicates a balanced market. Adding to this, the suburb commands a remarkably low vacancy rate of 0.31% for both houses and units, implying a high demand situation where rental properties are seldom left unoccupied.

    Finally, the buy search index for houses stands at 3, indicating a normalised demand from buyers. Remember, it’s not just these figures that matter, but their ongoing trends as well. It’s essential to keep an eye on these shifts and undertake a comprehensive analysis of the data.

    In this regard, Condobolin 2877 presents an attractive mix of affordability, prospective yield and favourable supply-demand balance. However, prospective investors should keep in mind that while some of the metrics may fall in the unfavourable range, the majority are favourable, showing an encouraging picture for the overall property investment scenario in the suburb.

    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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