Question 1

Is Coonabarabran a nice place to live?

Accepted Answer

Coonabarabran sits on the edge of the Warrumbungle Range and is best known as the gateway to Warrumbungle National Park and the Siding Spring Observatory. It functions as a rural service town for surrounding sheep and cropping properties, with a compact main street of cafes, bakeries and pubs alongside schools and local health services. Housing ranges from weatherboard cottages and modest brick homes to larger rural blocks, and the town’s rhythm blends agricultural life with tourism and outdoor recreation. Rugged volcanic peaks, bushwalking trails and dark skies for stargazing give it a distinctive country character.

About 3,477 people live in Coonabarabran; the median age is 50 and median household income is $1,154 a week. Family households are led by couples without children, and owner-occupied dwellings make up roughly three in four homes while renters are about 25.3%. Road planning and upgrades are proposed or under way near the town, council funding has been secured for local projects including a dog park and Castlereagh River revitalisation, and the high school has received renewal funding for toilet and cooling improvements. Whether it suits you depends on whether that mix of rural services and outdoor access fits your needs.

Question 2

Is it expensive to live in Coonabarabran?

Accepted Answer

On the figures for Coonabarabran, a house rent of $365 a week would take about 31.6% of a typical local household's weekly income as recorded at the last Census ($1,154 a week), a sizeable share of income. The median house price of $345,000 is about 5.7 times a typical local household's annual income at the last Census (annual income $60,008), so buying sits somewhat above what people locally earned at the last Census while renting also represents a sizeable share of local income.

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 Coonabarabran a good place to invest?

Accepted Answer

House values in Coonabarabran rose 9.2% over the past 12 months, a solid increase in what houses are worth. Over the same period, house rents fell 3.4%, a modest decline in the rental income those properties would earn.

For someone weighing Coonabarabran as an investment, the figures point to capital growth on the house side this year while rental income from houses has eased; which of those outcomes matters most 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	$345K	N/A
Change in value Past 12 months	9.2%	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	55	N/A
Average rent Past 12 months	$365	N/A
Change in rent Past 12 months	-3.4%	N/A

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