Suburb Profile Report for Cobram VIC (3644)

Cobram House: Median price $260,000, Annual capital growth 1.92%, Number of sales 84, Weekly median advertised rent $288

Cobram Unit: Median price $185,000, Annual capital growth 2.76%, Number of sales 19, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2439th in the list of Australian suburbs ordered by increase in median house value over the last year, Cobram, 3644 is in the BOTTOM 50% with a property value increase of 4.00% recorded in median house prices.

Cobram,3644 was ranked 2378 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Cobram are currently offering property investors an average price cut of -6.15% below the asking price at the moment.

Residents and property investors in Cobram have been waiting around 137.8 days to sell a property.

Situated 219.21km from the CBD, Cobram is one of Moira localities in the postcode 3644.

With a capital gain of 18.97% for the last 12 months, Cobram, 3644 has performed for property investments than its average annual 2.76% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Cobram has given property investors a paper return of -4.15%. This puts Suburb as 335 on a list of fastest fasting appreciating suburbs in VIC

A $240 per week rent on the median house gives suburb investors a gross yield of circa 6.75%, without taking into account capital value appreciation, which has been averaging out at 2.76%.

Metrics i HOUSE UNIT
$260,000 $185,000
0.78% -4.15%
4.00% 18.97%
1.92% 2.76%
$288 $240
84 19
5.75% 6.75%
137.8 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Cobram VIC
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
Chart Table
Recent sales & rentals