Cootamundra NSW 2590: Property Market Report & Real Estate Insights

Part of Cootamundra-Gundagai Regional, NSW

Cootamundra Real Estate Market Outlook

Thinking about buying in Cootamundra? Now could not be a better time, with 4675 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $499,000 with prices in this suburb ranging from $21,000 to $12,903,000. The approximate distance to the coast is 203 Km.

Living in Cootamundra

In Cootamundra 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 Cootamundra 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. Low average earnings from people in Cootamundra leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. 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 Cootamundra 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.

Instant Property Valuation

The agricultural town of Cootamundra sits within the beautiful Riverina – the area surrounding the Murrumbidgee River and its waterways. With a population of almost 7000 residents, Cootamundra stands proudly on the expansive plains of the South West Slopes. The town was officially designated as a municipality in 1884, although settlements have been present in the area for much longer. Cootamundra is perhaps best known as the birthplace of cricket legend Sir Donald Bradman – a man widely regarded as the greatest batsman of all time – and a museum surrounding Bradman and the history of cricket is now situated in the cottage where he was born, on Adams Street. The town is situated along the Olympic Highway, a road so named in 1963 after it formed part of the journey the Olympic Torch took as it made its way from Cowra to Albury for the 1956 Olympic Games.

The level terrain on which the town sits yields hot summers, but also permits snowfall in the winter. With a median house price of just $285,000 AUD, which is less than a third of the average across New South Wales, property in Cootamundra is a very affordable. Cootamundra enjoys good links by rail to major destinations, as well as being just an hour by car from Wagga Wagga airport, with regular connecting flights to and from Sydney available. All in all, Cootamundra is a picturesque and well-connected town, entrenched in sporting history and surrounded by beautiful sights.

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