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Cootamundra, NSW 2590

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 Cootamundra, NSW 2590 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 “Cootamundra, NSW 2590”

  1. The total adult population (15 years or older) of Cootamundra 2590 NSW is 5,737, with a median age of 51. Of those, 49.56% are married, 12.55% are divorced or separated, 28.80% are single and 9.12% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,684. The median monthly mortgage repayment for households in this suburb is $1,149 which is 20.21% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the beautiful state of NSW, the suburb of Cootamundra 2590 is home to approximately 3898 households. As we move into the third quarter of 2023, the typical house price in Cootamundra stands at $481,114. These properties are primarily leased to tenants for a median weekly rent of $346, thus generating an indicative yield of a substantial 3.74%.

    In terms of the suburb’s socio-economic climate, Cootamundra has achieved an impressive IRSAD score of 915 out of a possible 1217. This suggests that this region enjoys moderate access to economic resources, with a substantial proportion of the local population commanding decent income levels and occupying skilled professions.

    Cootamundra’s property market also presents a balance between rental properties and owner-occupied homes, with a renter to owner ratio of just 23%. When it comes to the units to houses ratio, it is a mere 4% – indicating that the market is not over-saturated with rentals and therefore better poised for maintaining higher rental yields.

    However, the affordability index for houses in Cootamundra is currently sitting at 33 years. This suggests lower affordability, implying that potential investors may need to consider this factor before making a decision.

    Analyzing the supply metrics, Cootamundra’s stock on market Percentage for houses is 0.44%, which is a favourable low supply market. The average inventory level for houses is at a favourable 2.43 months and the building approvals Ratio is a favourable 0.33%, indicating a relatively low new supply.

    In terms of demand, the average number of days houses remain on the market is 149 days, which indicates a relatively low demand. However, the low vacancy rate of 0.88% suggests high demand and potential for high rental returns to landlords. The buy search index for houses stands at 3, pointing towards neutral demand.

    In summary, despite a higher affordability index, Cootamundra shows potential as a favourable investment location due to high yields, a relatively low supply, and high demand as indicated by its low vacancy rate. Investors should consider all these factors, keeping an eye on the marketplace trends and referring to resources like the HtAG Analytics’ RCS metric for more detailed analysis.

    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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