Cobargo is a village in the south-east area of the state of New South Wales in Australia in Bega Valley Shire. At the 2016 census, Cobarg…Cobargo is a village in the south-east area of the state of New South Wales in Australia in Bega Valley Shire. At the 2016 census, Cobargo had a population of 776 people. It is 386 km south of Sydney on the Princes Highway between Narooma and Bega. The town suffered heavy losses during the 2019 bushfires.