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Colebee, NSW 2761

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 Colebee, NSW 2761 located in Sydney 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 “Colebee, NSW 2761”

  1. The total adult population (15 years or older) of Colebee 2761 NSW is 3,603, with a median age of 33. Of those, 61.34% are married, 6.36% are divorced or separated, 30.17% are single and 2.36% are widowed.

    The average household size is 3.7 people per dwelling, and the median household monthly income is estimated to be $12,408. The median monthly mortgage repayment for households in this suburb is $3,000 which is 24.18% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Colebee, postcode 2761, situated in NSW is presently home to around 1854 households. As of the third quarter of 2023, the typical price for houses in the area stands at $1,305,391 with a median weekly rent of $710, producing a slightly below average indicative yield of 2.83%. While this is below the 3% benchmark for cashflow-centred property investors, the current socio-economic conditions in the suburb are relatively strong, with an IRSAD score of 1139 out of a possible 1217.

    With regards to the renter-to-owner ratio, it stands at an appealing 20%, indicating a favourable owner-occupier to rental property ratio in the market. Furthermore, the units to houses’ ratio in Colebee is 0%, showcasing a desirable property mixture that supports less competition among landlords for tenants and longer tenancy periods due to a higher proportion of houses typically attracting more families.

    The house affordability index in the area is registered as 41 years, indicating a higher level of financial commitment required compared to markets with an index below 30 years.

    Turning to supply-side metrics, Colebee’s stock on market Percentage for houses is 0.76%, presenting a favourable market state with respect to supply. The inventory levels currently sit at 2.58 months which is within a favourable range, demonstrating an absorbent market with respect to new listings.

    However, it’s worth noting that the Building Approval Ratio for houses is as high as 4.58%, which might lead to increased supply in the market in the longer term. As to the demand-side metrics, the average number of days on market for houses is encouragingly low at 22, implying high property demand.

    The overall vacancy rate, combining both houses and units, is currently at 3.73%. This figure indicates a neutral market condition in terms of demand.

    Lastly, with a buy search index of 4 for houses, it does signify an acceptable amount of demand relative to the state or city average.

    To summarize, despite some fluctuation above and below the desired ranges, the property market of Colebee shows a number of encouraging factors for prospective property investors and buyers agents. Nevertheless, bear in mind that the trend in these metrics is equally important as their current values. Please refer to your dashboard to visualise the trends for a more holistic understanding of the property market in Colebee.

    Employing a system like HtAG Analytics’ RCS (Relative Composite Score) can enable you to automate this type of research. It incorporates more than 80 metrics to provide a comprehensive view of the market, enabling informed decisions supported by data.

    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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