Condobolin
Investment Score
72
/100
AI Intelligence Summary
Condobolin is a rural town in central western NSW, serving as the administrative center for Lachlan Shire Council, located 465km northwest of Sydney on the Newell Highway. With a population of approximately 3,200, the town features a strong Aboriginal heritage, particularly Wiradjuri culture, and serves the surrounding agricultural community. The local economy is driven by agriculture, livestock, and regional services, with property markets characterized by affordable housing and limited turnover typical of rural NSW towns. Community amenities include local schools, Lachlan Health Service, sporting facilities, and recreational opportunities at nearby Lake Cargelligo. The town faces challenges common to rural Australia including population decline, aging demographics, and economic dependence on agricultural conditions, but benefits from its strategic location on major transport corridors and recent NBN connectivity improvements.
Strengths
- •Strategic location on Newell Highway major transport corridor
- •Affordable housing market with strong rental yields
- •Strong community spirit and cultural heritage
- •Access to quality rural education and healthcare
Opportunities
- •Agricultural technology and value-adding industries
- •Tourism development leveraging cultural heritage
- •Remote work opportunities with improved internet
- •Renewable energy projects in surrounding areas
Considerations
- •Aging population and youth migration to cities
- •Limited employment opportunities outside agriculture
- •Drought vulnerability affecting local economy
- •Limited public transport options
Property Market
$185K
+2.5% 1yr
$125K
+1.8% 1yr
$220/wk
$160/wk
85
1.8%
45.0%
Price Growth
| Type | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| House | +2.5% | +8.2% | +15.8% |
| Unit | +1.8% | +6.5% | +12.3% |
Rental Yields
House Yield
5.8%
Unit Yield
6.5%
Investment Scorecard
Demand/Supply Ratio: 1.40
Demand exceeds supply — favourable for sellers
Tax & Financial Intelligence
CPA-grade analysis for Condobolin at median house price
Save $4,645
+8% surcharge
$220/wk
Negatively geared
Reduces taxable income
~$33/week
Based on 3.2% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR
5-Year Hold
10-Year Hold
Investor Quick Summary
Entry cost (stamp duty)
$4,645
After-tax yield
3.54%
Weekly holding cost
$33/wk
10yr CGT (est.)
$12,079
Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.
Demographics
3,200
44
$52K
per annum
68.0%
25.0%
18.0%
6.2%
12.0%
Dwelling Mix
Lifestyle & Community
8
5
1
465.0 km
Nearest Station: Condobolin Railway Station
Rural lifestyle with outdoor recreation, community events, sporting clubs, and access to Lake Cargelligo for water activities and fishing.
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Data sourced from multiple sources. Last updated 26 March 2026.