Suburb Profile Report for Cobram VIC (3644)

Cobram House: Median price $254,500, Annual capital growth 1.26%, Number of sales 86, Weekly median advertised rent $295

Cobram Unit: Median price $180,000, Annual capital growth 0.85%, Number of sales 16, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 11.00% which means that Cobram, 3644 has done well for property investors by showing a capital gain of -1.74% over the last year

Taking the average capital gain, or increase in median house value, Cobram,3644 has racked up an average of -1.74% over the period. This ranks it number 2663th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Cobram is giving property investors an average Vendor Discount of around -6.06%. This puts suburb at number 167th in VIC when ranking the most discounted suburbs.

In the last year 86 properties changed hands in Cobram, which puts it as the 307th most active market in VIC when comparing the number of sales per suburb.

Cobram, 3644’s gross rental yield is 6.03%

At number 1061th in the list of Australian suburbs ordered by increase in median house value over the last year, Cobram, 3644 is in the BOTTOM 40% with a property value increase of 1.41% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cobram has increased when compared to the 5 year average annual rate.

In the last year 16 properties changed hands in Cobram, which puts it as the 324th most active market in VIC when comparing the number of sales per suburb.

Cobram is 2nd on a list of best yielding suburbs for rents in VIC with a 6.93% return

Metrics i HOUSE UNIT
$254,500 $180,000
-3.96% -2.70%
-1.74% 1.41%
1.26% 0.85%
$295 $240
86 16
6.03% 6.93%
153.16 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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