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Suburb Insights ยท NSW 2423

Coolongolook 2423, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Coolongolook is a regional centre in New South Wales, Australia, with a population of approximately 382, making it a boutique locality. Located approximately 210 km from the Sydney CBD, Coolongolook is a regional area in New South Wales. The median household income is $49,504 AUD per year (ABS 2021 Census).

Investment Score

28 / 100 Weak

Household earnings in Coolongolook are below the state average, which may affect long-term capital growth. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Coolongolook, New South Wales, Australia.

Key Indicators

Postcode
2423

Official Australia Post postcode for Coolongolook. A postcode may cover multiple suburbs.

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Population
382

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$300/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$49,504/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
210 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,375/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
81% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Coolongolook serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,375/month. 81% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Capital growth in Coolongolook may be constrained โ€” consider alternative strategies.

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Rental Yield

Expect competitive but not exceptional rental returns in Coolongolook's current market.

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Renovation / Flip

Limited buyer depth in Coolongolook makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Coolongolook property

Full Property Analysis

30-year projections for Coolongolook

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Coolongolook is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Coolongolook may face longer tenant search times; competitive pricing will be important. Coolongolook is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Coolongolook a good suburb for investment?

Coolongolook is a regional area in New South Wales with a population of 382. The median rent is $300/week and the median household income is $49,504/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Coolongolook?

Key demand drivers in Coolongolook include regional employment hubs, lifestyle, and affordability. 81% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Coolongolook?

According to the ABS 2021 Census, Coolongolook has a population of approximately 382. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Coolongolook from the Sydney CBD?

Coolongolook is approximately 210 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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