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Coomoora, VIC 3461
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$925,000
list-price estimate
Median Unit
$610,000
Gross Yield (houses)
1.5%
1yr Growth
-
Investment snapshot for Coomoora
Coomoora has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Coomoora market and investor summary
In Coomoora, VIC 3461, houses show a gross rental yield of 1.5%. At 5.7% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.5% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 98 days on market, so plan for a slower exit if you ever need one.
Living in Coomoora: people, income and schools
About 308 people live in Coomoora, and the area has been growing steadily, up about 6% over five years. At a median age of 44, it reads as skewed a little older, and 100% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $81,000 a year (about $1,560 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 32% over five years, which tends to underpin what local buyers can pay.
Families have 3 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 308
- +6% over 5yr
- Median age
- 44 years
- Median household income
- $81,000/yr
- Households renting
- 9%
- Family households
- 75%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1016
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Coomoora
View all →Frequently asked questions about Coomoora
What should I check before investing in Coomoora?
Coomoora has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Coomoora?
The median property price in Coomoora, VIC 3461 is $610K for units.
What rental yield does Coomoora show?
The gross rental yield in Coomoora is 1.5% for houses and 3.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Coomoora?
The current vacancy rate in Coomoora is 5.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Coomoora?
Coomoora has a population of approximately 308 residents, with a median age of 44.
What schools are near Coomoora?
There are 3 schools within roughly 5km of Coomoora. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Coomoora's population growing?
The population of Coomoora has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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