Suburb Profile Report for Cowes VIC (3922)

Cowes House: Median price $380,000, Annual capital growth 3.26%, Number of sales 222, Weekly median advertised rent $300

Cowes Unit: Median price $331,400, Annual capital growth 1.51%, Number of sales 71, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Cowes has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.57%

While Cowes,3922 ranked number 474th in VIC for increase in median house value (annualised) increase, it is ranked 543th over the last 5 years.

Cowes, 3922 is offering VIC ‘s 289th 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.

Often selling an investment property can take time, and in Cowes the average time real estate has been on the market is 114.18 days.

Cowes is 238th on a list of best yielding suburbs for rents in VIC with a 4.11% return

Cowes has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.21% to date .

Cowes,3922 has offered an average of 5.21% return per annum in house price rises to property investors over the last three years.

Cowes, 3922 is offering VIC ‘s 157th 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.

At number 1363 in a list of fastest selling suburbs, Cowes is in the bottom 10% of suburbs in Australia with an average of days on market 127.82 for properties listed there.

With the median price for a house in Cowes being $331400 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 4.08%

HOUSE UNIT
$380,000 $331,400
0.40% 10.65%
8.57% 5.21%
3.26% 1.51%
$300 $260
222 71
4.11% 4.08%
114.18 127.82

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 4053
Median household income ($/weekly) 735
Median age of persons 51
Median housing loan repayment ($/monthly) 1450
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 498 12.3
    45-54 years 458 11.3
    55-64 years 594 14.7
    65-74 years 596 14.7
    75-84 years 427 10.5
    Others 1481 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1408 49.2
    Not Married 1185 41.4
    Defacto Relationship 268 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3063 79.7
    Japan 39 1.0
    Papua New Guinea 79 2.1
    United Kingdom 347 9.0
    Other 81 2.1
    Others 234 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 1.3
    Christianity 2384 66.1
    Hinduism 6 0.2
    Other Religious Groups 17 0.5
    No Religion 1142 31.7
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 190 12.5
    $400-$599 291 19.2
    $600-$799 206 13.6
    $800-$999 181 11.9
    $1,000-$1,249 130 8.6
    Others 521 34.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1657 50.9
    Employed, worked full-time 827 25.4
    Employed, worked part-time 571 17.5
    Employed, away from work 104 3.2
    Unemployed, looking for work 98 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 195 13.0
    Professionals 194 13.0
    Technicians & trades workers 309 20.6
    Sales 186 12.4
    Labourers 201 13.4
    Others 412 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 57 8.8
    Infants/Primary 254 39.1
    Secondary 200 30.8
    Technical or Further Educational Institution 66 10.2
    University or other Tertiary Institutions 38 5.8
    Others 35 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3140 89.8
    Semi-detached, row or terrace house, townhouse 222 6.4
    Flat, unit or apartment 112 3.2
    Caravan, cabin, houseboat 16 0.5
    House or flat attached to a shop, office 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 714 44.0
    Rented 530 32.7
    Being purchased 354 21.8
    Other tenure type 23 1.4
    Tenure Type
Census 2011, ABS
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