Question 1

Is Coomba Park a nice place to live?

Accepted Answer

Coomba Park is a quiet, rural-residential locality on the Great Lakes coastal fringe, made up mostly of acreage blocks, timber cottages and low-density modern homes with open paddocks and tree-lined streets. It is a small community of 691 people with a median age of 61, and its household mix is weighted towards couple families, many without children. Most homes are owner-occupied, reflecting a settled resident profile that includes families, retirees and hobby farmers. Shops, beaches and services in nearby Forster and Tuncurry are within a short drive, so daily errands and coastal recreation are close at hand.

The suburb contains a council-managed foreshore and a swimming enclosure, an aquatic club site and a local community centre. Coomba Park has been the subject of council planning and foreshore work, and those sites are identified for possible upgrades and ongoing management. Whether it suits you will depend on how much you value bush and water recreation without living in a busy town centre.

Question 2

Is it expensive to live in Coomba Park?

Accepted Answer

On these figures, a typical local household in Coomba Park earned $786 a week at the last Census. With house rent around $450 a week, renting a house would take about 57.3% of a typical local household's weekly income at the last Census, which is a large share of income. Buying looks much further from local earnings: the median house price of $586,250 is about 14.3 times a typical local household's annual income at the last Census, which sits well above local incomes. If you plan to rent rather than buy, that rent share is the immediate number to watch.

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 Coomba Park a good place to invest?

Accepted Answer

House values in Coomba Park rose 0.5% over the past 12 months, a slight increase in the capital value of houses there. If capital growth is the main thing you care about, that is the figure to look at; whether that level of movement fits your investment goals depends on your objectives 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	$586K	N/A
Change in value Past 12 months	0.5%	N/A
Sold Past 3 months	10	N/A
Median days on market Past 12 months	85	N/A
Average rent Past 12 months	$450	N/A
Change in rent Past 12 months	N/A	N/A

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