All About Cooma, Snowy Monaro Regional, NSW, 2630
The housing market in Cooma, located within the Snowy Monaro Regional Council area in New South Wales, reflects a unique combination of rural charm and evolving dynamics influenced by its strategic position near the Snowy Mountains. Known as the "Gateway to the Snowy Mountains," Cooma offers a diverse range of properties, from quaint historic homes to more modern developments, catering to both local families and newcomers attracted by the town's outdoor lifestyle and scenic beauty. The market has seen fluctuating trends due to various factors, including regional economic shifts and the broader impact of national housing policies. In recent years, there has been growing interest in the area as remote work becomes more prevalent, allowing people to consider living in picturesque regional towns like Cooma while maintaining city-based jobs. Despite its relatively stable market, potential buyers and investors are drawn by the affordability compared to urban centers, as well as the potential for growth driven by infrastructure projects and tourism related to the Snowy Mountains.
Living in Cooma offers a blend of peaceful rural life with the perks of a tight-knit community, making it an attractive place for families, retirees, and those seeking a change from the hustle and bustle of city life. The town is well-equipped with essential amenities, including schools, healthcare facilities, and shopping options, ensuring a comfortable lifestyle for its residents. Its proximity to natural attractions like the Kosciuszko National Park provides ample opportunities for outdoor activities such as skiing, hiking, and fishing, drawing nature enthusiasts and adventure seekers alike. The community spirit in Cooma is strong, with numerous local events, markets, and festivals that foster a sense of belonging and connectedness among residents. Moreover, the town's historical significance and cultural heritage add to its charm, offering a rich tapestry of stories and experiences for those who call it home.
Household Makeup
| Median Weekly Rent | $297.64 |
| Median Monthly Mortgage | $1297.00 |
| Median Persons Per bed houseroom | 0.72 |
| Average Household Size | 2.14 |
| Average Age | 44.21 |
| Average Income | $759.14 |
| Average Cars Per Dwelling | 1.68 |
| Average Properties Within 50M | 13 |
| Typical 1 bed house | $627,000 |
| Typical 2 bed house | $460,000 |
| Typical 3 bed house | $566,000 |
| Typical 4 bed house | $695,000 |
| Typical 5 bed house | $842,000 |
| Typical 6 bed+ house | $950,000 |
Housing Stock
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Cooma Real Estate Market Outlook
Thinking about buying in Cooma? Now could not be a better time, with 4759 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $656,000 with prices in this suburb ranging from $14,000 to $63,436,000. The aproximate distance to the coast is 80 Km.
Consistent high demand relative to supply is a key feature in Cooma driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Cooma due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Cooma 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. Lower than average population density constrains growth in Cooma to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Cooma 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 ValuationHouses for sale Cooma
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59 Cruse Road, Cooma, VIC, 3616 |  3 |
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Local Schools
Snowy Mountains Christian School
St Patrick's Parish School
Monaro High School
Cooma North Public School
Cooma Public School
(While the above schools are located with the suburb of Cooma there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Cooma weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.3 | 15.7 | 32.8 | 23.7 | 80.9 | 3.2 | 26.4 |
| Feb | 0.6 | 15.3 | 31.4 | 26.3 | 81.6 | 2.9 | 23.5 |
| Mar | 1.4 | 13.1 | 27.8 | 32.0 | 86.1 | 2.7 | 18.0 |
| Apr | 1.5 | 9.5 | 23.1 | 41.3 | 92.6 | 2.1 | 13.3 |
| May | 1.3 | 6.3 | 17.8 | 54.5 | 97.0 | 2.1 | 9.4 |
| Jun | 1.5 | 3.9 | 14.2 | 66.7 | 98.7 | 1.9 | 7.6 |
| Jul | 1.3 | 3.7 | 13.8 | 66.4 | 98.6 | 2.2 | 8.4 |
| Aug | 1 | 3.8 | 15 | 57.2 | 98.1 | 2.3 | 11.3 |
| Sept | 1.0 | 5.6 | 18.7 | 47.2 | 97.5 | 2.4 | 16.2 |
| Oct | 0.8 | 7.9 | 23.7 | 34.9 | 93.3 | 2.7 | 21.6 |
| Nov | 0.8 | 10.7 | 27.3 | 27 | 89.4 | 3.0 | 24.9 |
| Dec | 1.3 | 13.5 | 30.7 | 21.6 | 81.5 | 3.2 | 28.1 |
source: Australian Government Bureau of Meteorology
Public Transport
Mooroopna - Greater then 10KM
Shepparton - Greater then 10KM
Rushworth - Greater then 10KM
Murchison East - Greater then 10KM
General Points of Interest
Merrigum Golf Club - Greater then 10KM
Kyabram Parkland Golf Course - Greater then 10KM
Community Swimming Pool - Greater then 10KM
Nearby Suburbs
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