Suburb Profile Report for Cobram VIC (3644)

Cobram House: Median price $255,000, Annual capital growth 2.18%, Number of sales 96, Weekly median advertised rent $270

Cobram Unit: Median price $189,000, Annual capital growth 3.33%, Number of sales 16, Weekly median advertised rent $238

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Cobram is in the TOP 20% in VIC when comparing median price capital growth over the last year. Cobram gave property investors a very good capital gain figure when compared to the rest of the state, with 14.61%.

A 26.87% growth in median value for property investors in Cobram,3644 puts this suburb at number 578th in terms of best performing suburbs in VIC

Vendor discounting in Cobram is giving property investors an average Vendor Discount of around -6.31%. This puts suburb at number 227th in VIC when ranking the most discounted suburbs.

At number 3221 in a list of fastest selling suburbs, Cobram is in the bottom 20% of suburbs in Australia with an average of days on market 123.58 for properties listed there.

A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 2.18%.

Giving property investors a a solid capital gain of 11.18% for the last year, Cobram, 3644 is the 336th highest performer in Australia in this respect.

Over the longer term, Cobram has seen property prices show investors a 8.62% return over the last 3 years. This is an improvement over the last 12 months

HOUSE UNIT
$255,000 $189,000
-1.16% 6.48%
14.61% 11.18%
2.18% 3.33%
$270 $238
96 16
5.51% 6.53%
123.58 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 6018
Median household income ($/weekly) 784
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 746 12.4
    35-44 years 679 11.3
    45-54 years 729 12.1
    55-64 years 760 12.6
    65-74 years 688 11.4
    Others 2417 40.2
    Age Group
    Census Count Percent(%)
    Registered Married 2190 51.0
    Not Married 1744 40.6
    Defacto Relationship 357 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4813 84.5
    Indonesia 92 1.6
    Ireland 124 2.2
    Japan 211 3.7
    United Kingdom 172 3.0
    Others 284 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 0.5
    Christianity 4196 76.0
    Islam 253 4.6
    Other Religious Groups 77 1.4
    No Religion 948 17.2
    Others 22 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 229 11.1
    $400-$599 364 17.7
    $600-$799 268 13.0
    $800-$999 234 11.4
    $1,500-$1,999 202 9.8
    Others 763 37.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2148 47.0
    Employed, worked full-time 1377 30.1
    Employed, worked part-time 724 15.8
    Employed, away from work 167 3.7
    Unemployed, looking for work 154 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 361 15.9
    Professionals 228 10.1
    Technicians & trades workers 293 12.9
    Clerical & administrative workers 230 10.1
    Labourers 470 20.7
    Others 685 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 84 7.2
    Infants/Primary 459 39.4
    Secondary 384 32.9
    Technical or Further Educational Institution 123 10.5
    University or other Tertiary Institutions 67 5.7
    Others 49 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5100 92.0
    Flat, unit or apartment 291 5.3
    Semi-detached, row or terrace house, townhouse 84 1.5
    Caravan, cabin, houseboat 53 1.0
    House or flat attached to a shop, office 14 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 928 41.2
    Rented 697 30.9
    Being purchased 607 26.9
    Other tenure type 23 1.0
    Tenure Type
Census 2011, ABS
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