Question 1

Is Condobolin a nice place to live?

Accepted Answer

Condobolin is a rural service town on the banks of the Lachlan River in central-west New South Wales. Its compact main street mixes historic civic buildings, shops and pubs, and community life centres on sporting clubs, agricultural events and river-based recreation such as fishing and boating. Housing is largely single-storey brick and weatherboard on generous blocks, with farmsteads ringing the town, and residents rely on regional roads and a rail link while living on Wiradjuri country.

About 3,185 people live in Condobolin, with a median age of 39 and a median household income of $1,292 a week. The community is weighted towards couple families and most homes are owner-occupied. Recent public works have upgraded Willow Bend village with new roads, footpaths, lighting, an amenities block, sports-court and landscaping plus levee and flood-gate work, and local funding and council budgets have supported hospital and community-centre improvements, a river-walk shared path, Memorial Park repairs, and Visitor Information Centre and sports-precinct upgrades. Whether that suits you depends on the sort of rural service-town life you want.

Question 2

Is it expensive to live in Condobolin?

Accepted Answer

Buying and renting tell slightly different stories in Condobolin. A median house price of $270,000 works out to about 4.0 times a typical local household's annual income at the last Census, which sits somewhat above local incomes. At $360 a week, average house rent is roughly 28% of a typical local household's weekly income at the last Census, a moderate share and close to the commonly used 30% marker. If you're renting rather than buying, that rent share is likely the number that matters most; buying sits somewhat higher against what people locally earned at the last Census.

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 Condobolin a good place to invest?

Accepted Answer

Houses in Condobolin saw very large movements over the past year: median house values climbed sharply, up 46.3% over the 12 months, while house rents rose 20.0%.

On the figures here, that means capital growth for houses outpaced rental income growth in the last year. Which of those outcomes matters more to you will depend on your own goals and 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	$270K	N/A
Change in value Past 12 months	46.3%	N/A
Sold Past 3 months	13	N/A
Median days on market Past 12 months	56	N/A
Average rent Past 12 months	$360	N/A
Change in rent Past 12 months	20.0%	N/A

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