Suburb Profile Report for Cowes VIC (3922)

Cowes House: Median price $400,000, Annual capital growth 4.13%, Number of sales 199, Weekly median advertised rent $300

Cowes Unit: Median price $337,000, Annual capital growth 1.72%, Number of sales 74, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$400,000 $337,000
0.13% 0.60%
6.10% 12.52%
4.13% 1.72%
$300 $255
199 74
3.90% 3.93%
105.83 116.77

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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