This property is Off Market
With an average age of 37, households expect an average monthly mortgage payment of $80 or a weekly rent payment of $100. The average family earns a weekly income of $1,839 with a typical household size of 2.9 and a 98.64% employment rate.
In Coleambally there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Coleambally is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Coleambally changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Coleambally the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
(Country of Birth not stated 4%)
Griffith Region a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
19 / 100
31 / 100
Industry
09 / 100
22 / 100
Population
12 / 100
19 / 100
House Prices
26 / 100
60 / 100
Jobs
18 / 100
29 / 100
Incidents Trend State Average
Whitton-Murrami Public School
Whitton, NSW, 2705 State K-6
Yanco Agricultural High School
Yanco, NSW, 2703 State 7-12
St Peter's Primary School
Coleambally, NSW, 2707 Independent K-6
Coleambally Central School
Coleambally, NSW, 2707 State K-12
St Francis Xavier Primary School
Urana, NSW, 2645 Independent 1-6
Oaklands Central School
Oaklands, NSW, 2646 State K-12
Darlington Point Public School
Darlington Point, NSW, 2706 State K-6
Jerilderie Public School
Jerilderie, NSW, 2716 State K-6
St Joseph's Primary School
Jerilderie, NSW, 2716 Independent K-6
Urana Public School
Urana, NSW, 2645 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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