Question 1

Is Cooranbong a nice place to live?

Accepted Answer

Cooranbong is a semi-rural township in the foothills of the Watagan Mountains with a bushland outlook and a village feel. Streets alternate between timber cottages and federation homes, modern houses and larger hobby-farm or acreage blocks, so the area suits families and people after a quieter country lifestyle with room for gardens, horses or workshops. It is home to 7,077 people, with a median age of 39, and is a suburb of families: together, couple families with and without children make up about 85% of reported families.

Local life centres on small shops, community groups and outdoor pursuits, with bushwalking and lake access close by and road and rail links at nearby Morisset. There is also significant local investment under way or planned, including a major school relocation with a co-located early learning service, upgraded sports and open space, and a shared pathway. Whether Cooranbong suits you depends on how much you value semi-rural space and local amenities.

Question 2

Is it expensive to live in Cooranbong?

Accepted Answer

On the figures, housing in Cooranbong is stretched against what local households earned at the last Census. A median house price of $998,888 works out to about 11.7 times a typical local annual household income at the last Census (weekly household income $1,639).

For renters, the average house rent of $760 a week would take about 46.4% of a typical local household's weekly income at the last Census, which is a large share. Whether that feels expensive depends on your own income and circumstances.

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 Cooranbong a good place to invest?

Accepted Answer

House rents in Cooranbong climbed 11.8% over the past year, a strong rise. House values also increased, up 6.9% over the same period, a solid gain. Rental income for houses grew faster than house prices this year, so the rent movement has been the stronger performer; which of those outcomes matters most depends on your investment goals and personal 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	$999K	N/A
Change in value Past 12 months	6.9%	N/A
Sold Past 3 months	31	N/A
Median days on market Past 12 months	32	N/A
Average rent Past 12 months	$760	N/A
Change in rent Past 12 months	11.8%	N/A

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