Question 1

Is Coorabell a nice place to live?

Accepted Answer

Coorabell is a quiet rural-residential locality in the Byron Shire hinterland, set among rolling paddocks, pockets of subtropical rainforest and small creeks. The area is dominated by acreage and low-density country homes, from weatherboard cottages to contemporary timber houses, and attracts people seeking a peaceful lifestyle including families, creatives and those running small farms or home-based enterprises. There are few commercial amenities in Coorabell itself, so residents rely on nearby Mullumbimby and the coastal towns for shops, markets and services.

With 481 residents and a median age of 48, Coorabell is a small community weighted towards couple households, and most homes are owner-occupied (72.7%) with about 27.3% rented. Alterations to Coorabell Hall have been completed, and several road projects and treatments affecting the area are under way or planned, including works on Coolamon Scenic Drive, a Coorabell Road renewal and proposals for a reduced speed zone and koala road signage. Whether it suits you will depend on how much you value a low-density country setting with nearby town amenities.

Question 2

Is it expensive to live in Coorabell?

Accepted Answer

In Coorabell, house rents run to about $1,275 a week. Against a typical local household income of $2,107 a week as recorded at the last Census, that rent would take roughly 60.5% of a household's weekly income, which is a large share. If you're renting rather than buying, that rent share is the number that matters and will help you judge whether it feels affordable for your situation.

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 Coorabell a good place to invest?

Accepted Answer

The most notable movement in Coorabell over the past year is house rents, which jumped 27.5%, a strong rise in what a house here can earn in rent.

If rental income is your priority, that 27.5% increase is the figure that matters. There isn't enough recent data to report how property values or unit rents changed, so whether Coorabell is the right fit for you depends on your 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	N/A	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$1275	N/A
Change in rent Past 12 months	27.5%	N/A

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