Cooma vs Gilgai
Property investment comparison - Cooma, NSW 2630 vs Gilgai, NSW 2360
Head-to-head across core investment metrics: Cooma wins 2, Gilgai wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Cooma | Gilgai |
|---|---|---|
| Median house price | $585K | $580K |
| Median unit price | - | $280K |
| Gross rental yield (houses) | 4.88% | - |
| Gross rental yield (units) | 3.28% | 6.34% |
| 1-year house growth | +4.1% | -0.1%estimate |
| 3-year house growth | +13.5% | - |
| Vacancy rate | 1.8% | 2.3% |
| Population | 6,715 | 740 |
Cooma vs Gilgai: what the numbers say
The median house price is $585K in Cooma and $580K in Gilgai, so Gilgai is the cheaper entry point, with Cooma houses about 1% dearer.
Over the past year house prices moved +4.1% in Cooma and -0.1% in Gilgai (an estimate), so recent momentum favours Cooma, while Gilgai went backwards.
Rental vacancy is 1.8% in Cooma and 2.3% in Gilgai, so landlords in Cooma face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cooma is the bigger suburb, with a population of 6,715 against 740, roughly 9 times the size of Gilgai; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Gilgai for a lower purchase price, Cooma for recent price momentum, Cooma for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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