In an important boost for the town and district Cobar has been showcased across Australia by the current June/July Landmark Property magazine.
Described as having a population of 5500 with a mining, agriculture and tourism economic base, Cobar is also listed as a vibrant and liveable Aussie outback town.
“Straddling the crossroads of the Barrier Highway and the Kidman Way, Cobar is the business centre for a regional shire covering an area roughly the size of Tasmania, and a natural stop-off point for people transiting cross-country between capital cities,” reported the magazine.
“We service around 12 million acres,” explains Landmark’s David Russell.
“So there’s a lot of diversity from the Darling River flats to the iconic, red-soiled plains and the stunning National Parks,” the magazine continues.
“Since copper was first discovered here in 1870, a thriving mining industry has sustained the regional economy.
“Today, three major mines operate in the district, unearthing the natural riches of copper, gold, zinc, lead and silver and providing Cobar’s major source of employment.
“The mining sector drives an energetic residential and rental property market in the town.’’
David explained, the mines, the major gas pipeline depot and the many second-tier industries servicing them generate the comings and goings that create high turnover and demand. Although we’ve seen the market come back 10-15 per cent in recent times, there is still plenty going on.
Agriculture is another mainstay with sheep, cattle and goat grazing often mixed with wheat, oats or barley cropping.
Although the rural market has contracted a little in some segments, we are seeing good interest from international buyers and remote investors who see great value in the larger holdings.
The down-to-earth Cobar folk have responded to prolonged drought with entrepreneurial thinking.
“Alongside the traditional agriculture, we boast a new-to-Australia drought-tolerant sheep breed, an enviro-boosting tree plantation and a growing focus on hardier crops like jojoba trees.’’
Cobar residents and tourists are well serviced with health care, aged care, schools, road transport connections, retail shopping and a flourishing café and eatery trade.