What is the true cost of buying an apartment in Cooma?

The median apartment in Cooma is $315,000. Including stamp duty ($9,195), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $31,616, or $2,635/month.

What does it really cost to buy a house in Cooma?

The median house in Cooma is $485,000. True first-year cost including stamp duty ($16,355), rates, insurance, maintenance, and mortgage repayments is approximately $36,949.

What is the vacancy rate in Cooma?

Cooma currently has a vacancy rate of 1.8%. Properties average 42 days on market.

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True Cost of Buying in Cooma

2630 NSW · 385km to CBD

Rising

Market Intelligence

Cooma is a regional town in the NSW Snowy Mountains region, serving as the administrative center for Snowy Monaro Regional Council. With a population of approximately 6,800, it's known as the gateway to the ski fields and benefits from year-round tourism and recreational opportunities. The town has experienced renewed growth due to the Snowy Hydro 2.0 project, which has brought infrastructure investment and employment opportunities. Property markets show moderate growth with strong seasonal demand driven by tourism and short-term accommodation needs. The community offers a relaxed regional lifestyle with good access to outdoor recreation, adequate healthcare and education facilities, and strong community spirit. While facing challenges of limited employment diversity and seasonal population fluctuations, Cooma presents opportunities for investors seeking regional property exposure with tourism upside.

Gateway location to Snowy Mountains and ski fieldsMajor infrastructure investment from Snowy Hydro 2.0 projectStrong tourism and seasonal accommodation demandGood healthcare facilities including Cooma HospitalActive community with regular events and festivals

Market Snapshot

Median House

$485K

+8.5% 1yr

Median Apartment

$315K

+6.8% 1yr

Median Townhouse

$420K

Vacancy Rate

1.8%

42 avg DOM

Yield (Apartment)

5.5%

Yield (House)

4.8%

Auction Clearance

68%

Population

6,800

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$2,635/mo

Purchase Price

$315,000

Stamp Duty

$9,195

1st Year Total

$31,616

House

$3,079/mo

Purchase Price

$485,000

Stamp Duty

$16,355

1st Year Total

$36,949

Townhouse

$2,966/mo

Purchase Price

$420,000

Stamp Duty

$13,430

1st Year Total

$35,588

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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