Question 1

Is Cobbitty a nice place to live?

Accepted Answer

Cobbitty is a semi-rural suburb on the fringes of Camden with open paddocks, hobby farms and horse properties that give it a country feel. The village atmosphere centres on a small local centre and housing ranges from older farmhouses to modern country homes on generous blocks. Outdoor life is prominent, with bushland, creeklines and riding trails on the doorstep, and connections are mainly via local roads to surrounding centres and regional links beyond.

About 4,206 people live in Cobbitty and the median age is 35. The community is weighted towards families, with couple families with children at 50.0% and couple families without children at 37.4% (roughly seven in eight families), and most homes are owner-occupied (78.3%). Local facilities include Cobbitty Public School, nearby Macquarie Grove/Camden airport and the Camden Equestrian Park. Cobbitty is also included in state transport planning for the North South Rail Line and the South West Rail Link extension, with proposed stations at Oran Park and Narellan, though funding and a construction timetable for southern sections have not been committed.

Question 2

Is it expensive to live in Cobbitty?

Accepted Answer

Buying a house in Cobbitty sits well above what local households earned at the last Census: the median house price of $1,225,000 is about 10.2 times a typical local household's annual income at the last Census. On the rental side, with a typical local household weekly income of $2,313 at the last Census, an average house rent of $770 a week would take about 33.3% of that income, a sizeable share, while an average unit rent of $440 a week would take about 19.0%, a modest share. On these figures, renting generally looks the more manageable side of the market; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Cobbitty a good place to invest?

Accepted Answer

House values in Cobbitty climbed 11.6% over the past 12 months, a strong rise. House rents increased 4.1% over the same period, a modest gain, so house capital growth outpaced rental income this year.

Unit rents fell 2.2% over the year, a moderate decline, which means houses performed better on the rental side than units during this period. For someone weighing Cobbitty as an investment, the numbers show strong house price growth alongside only modest rent growth for houses and weaker rent performance for units; whether that mix fits your objectives and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.23M	N/A
Change in value Past 12 months	11.6%	N/A
Sold Past 3 months	22	N/A
Median days on market Past 12 months	30	N/A
Average rent Past 12 months	$770	$440
Change in rent Past 12 months	4.1%	-2.2%

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