Question 1

Is Colebee a nice place to live?

Accepted Answer

Colebee sits on Sydney’s urban fringe between Schofields and Rouse Hill. It reads as a family-oriented growth suburb of modern detached homes and townhouses on suburban blocks, with small neighbourhood parks and playgrounds and a quieter, low-rise streetscape compared with inner suburbs. The area attracts young families and commuters who use nearby rail and arterial roads to reach employment and shopping centres, while larger retail and services are found in neighbouring centres. There is ready access to open space.

About 4,914 people live in Colebee, with a median age of 33 and a median household income of $3,223 a week (roughly $167,600 a year). Families make up the bulk of households and most homes are owner-occupied (79.5% owner-occupied, 20.5% rented). The local council has completed path paving on several streets as part of its development works. Whether Colebee suits you comes down to whether you want a growing, family-oriented suburb on the urban fringe with nearby transport and larger retail in neighbouring centres.

Question 2

Is it expensive to live in Colebee?

Accepted Answer

Buying is the more stretched option in Colebee on these figures. A median house price of $1,624,000 works out to about 9.7 times a typical local household's annual income at the last Census (weekly income $3,223 × 52 = $167,596), which sits well above local incomes. By comparison, a house rent of $860 a week would take about 26.7% of a typical local household's weekly income at the last Census, a moderate share, so renting looks relatively more manageable against what people locally earned then.

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 Colebee a good place to invest?

Accepted Answer

Over the past year, house values in Colebee rose 6.3%, a solid increase for the 12-month period. House rents climbed 1.2% over the same year, a slight rise, so for houses the capital growth has outpaced rental growth. Which of those matters more depends on whether you’re focused on price appreciation or rental income and on your own circumstances.

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	$1.62M	N/A
Change in value Past 12 months	6.3%	N/A
Sold Past 3 months	13	N/A
Median days on market Past 12 months	53	N/A
Average rent Past 12 months	$860	N/A
Change in rent Past 12 months	1.2%	N/A

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