Cobar vs Moree East

The median house price is $320K in Cobar and $335K in Moree East, so Cobar is the cheaper entry point, with Moree East houses about 5% dearer.

For units, Cobar sits at a median of $195K against $180K in Moree East, which makes Moree East the more affordable unit market and Cobar the pricier one.

On cash flow, Moree East leads: houses there return a gross rental yield of 7.17%, compared with 6.55% in Cobar, a gap of 0.62 percentage points.

Over the past year house prices moved +13.6% in Cobar (an estimate) and +15.6% in Moree East (an estimate), so recent momentum favours Moree East, although both suburbs recorded growth.

Rental vacancy is 1.3% in Cobar and 1.7% in Moree East, so landlords in Cobar face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Moree East is the bigger suburb, with a population of 9,708 against 3,603, roughly 2.7 times the size of Cobar; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Moree East for rental income, Cobar for a lower purchase price, Moree East for recent price momentum, Cobar for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.