Suburb Profile Report for Cobram VIC (3644)

Cobram House: Median price $258,000, Annual capital growth 2.17%, Number of sales 87, Weekly median advertised rent $270

Cobram Unit: Median price $200,000, Annual capital growth 4.37%, Number of sales 17, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 10.97% for the last year, Cobram, 3644 is the 925th highest performer in Australia in this respect.

Over the longer term, Cobram has seen property prices show investors a 17.54% return over the last 3 years. This is worse than over the last 12 months

Cobram, 3644 is offering VIC ‘s 257th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.

With the median price for a house in Cobram being $258000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.44%

VIC has seen average median house prices change by 3.11% which means that Cobram, 3644 has done well for property investors by showing a capital gain of 21.21% over the last year

Cobram,3644 was ranked 87 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Cobram should be aiming for at least -6.07% off the asking price, which is the average vendor discount being achieved at the moment.

The VIC suburb of Cobram, 3644 is in the Moira local government area.

HOUSE UNIT
$258,000 $200,000
1.18% 11.11%
10.97% 21.21%
2.17% 4.37%
$270 $240
87 17
5.44% 6.24%
120.33 62.3

Source: CoreLogic

DSR Score for property investment : Below average (H), Balanced (U)
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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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Recent sales & rentals