Investment property in Cowes has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.10%
Cowes,3922 was ranked 2558 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Cowes should be aiming for at least -4.34% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Cowes have been waiting around 105.83 days to sell a property.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
Property value increases in Cowes have tracked just higher than the VIC average of 5.66% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Cowes comes in at number 336th in VIC.
LACK OF BUYER INTEREST may well be the reason that Cowes is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 106th in terms of most discounted suburbs in VIC
With the median price for a house in Cowes being $337000 and the advertised rent reaching $255 the gross rental yield for property investors calculates out to be 3.93%