8 Yulin AvenueCooma NSW 2630
Property Details for 8 Yulin Ave, Cooma
Last Listing description (April 2025)
8 Yulin Avenue Cooma presents as a prime 'set & forget' asset for investors seeking consistent returns with potential growth in the increasingly demanding Snowy Monaro region.
Completed approximately two years ago, this well designed complex features 13 fully self-contained apartments, comprising 10 one-bedroom, 2 two-bedroom, and 1 three-bedroom unit. Twelve of the thirteen units are leased to Future Generation Joint Venture (FGJV), the principal contractor for the construction of Snowy Hydro 2.0, until 15 December 2026. The remaining Unit (Unit 7) currently operates as short term accommodation, managed by the current owner.
Key Highlights:
Short- Term Rental Potential: Unit 7 operates as a high-demand short-term accommodation with impressive occupancy rates.
Strong Financial Performance: Estimated net income of $302,837 p.a.
Single Title Sale: Sold in one line, simplifying management and ownership.
Financial Overview:
Total 2024 Revenue: $342,270 with rental uplifts in Dec 2024 and 2025
Depreciation Benefits: Strong schedule with approximately $100K for FY25.
Annual Outgoings:
Council Rates: $7,152
Water Rates: $8,094
Building Insurance: $10,520
Agent Management Fee: $13,676
Location Advantage:
Nestled in the heart of the Snowy Mountains, Cooma is conveniently located just over an hour's drive from Australia's capital city and a short 50-minute flight from Sydney.
With over $6 billion of investment into the Snowy 2.0 scheme and $196 million in funding from the NSW State Government, the Snowy-Monaro region is poised for significant growth through the Snowy Mountains Special Activation Precinct Plan-a comprehensive 40-year master plan designed to transform the area and attract substantial investment.
This is a unique opportunity to diversify your investment portfolio in a rapidly growing market. Don't miss out on this exceptional investment opportunity!
Contact us today for more information
Property History for 8 Yulin Ave, Cooma, NSW 2630
- 24 Oct 2024Listed for Sale Sale via Negotiation
- 01 Dec 2020Sold for $87,500
- 14 Jan 2020Sold for $175,000
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0About Cooma 2630
The size of Cooma is approximately 97.8 square kilometres. It has 16 parks covering nearly 4.2% of total area. The population of Cooma in 2016 was 6681 people. By 2021 the population was 6715 showing a population growth of 0.5% in the area during that time. The predominant age group in Cooma is 30-39 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation.In 2021, 67.20% of the homes in Cooma were owner-occupied compared with 64.50% in 2016.
Cooma has 4,026 properties. Over the last 5 years, Houses in Cooma have seen a 48.90% increase in median value, while Units have seen a 172.48% increase. As at 31 December 2025:
- The median value for Houses in Cooma is $514,172 while the median value for Units is $608,218.
- Houses have a median rent of $480 while Units have a median rent of $370.
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