Suburb Profile Report for Cowes VIC (3922)

Cowes House: Median price $371,250, Annual capital growth 3.38%, Number of sales 209, Weekly median advertised rent $315

Cowes Unit: Median price $328,500, Annual capital growth 1.49%, Number of sales 69, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1427th in the list of Australian suburbs ordered by increase in median house value over the last year, Cowes, 3922 is in the top 40% with a property value increase of 7.61% recorded in median house prices.

Over the longer term, Cowes has seen property prices show investors a 10.41% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Cowes is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 219th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 17.42 sales per month, which equates to 209 per year.

Using the current median advertised rental of $315 and the average annual increase in value of a median property of 3.38%, investors should hope to achieve an overall return of 4.41%

Property investors who have had real estate in Cowes, 3922 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.09%

When looking at the potential capital gains offered to property investors over the last 3 years, Cowes comes in at number 288th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cowes, 3922. Typically our figures indicate that -4.97% is being offered, which puts this VIC suburb at 769th most discounted overall in Australia.

Cowes, 3922’s gross rental yield is 4.12%

HOUSE UNIT
$371,250 $328,500
2.27% 4.29%
7.61% 7.09%
3.38% 1.49%
$315 $260
209 69
4.41% 4.12%
117.03 143.14

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (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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