Giving property investors a an average capital gain of 6.57% for the last year, Cowes, 3922 is the 1831th highest performer in Australia in this respect.
The five-year average increase in median property values for Cowes,3922 has given property investors a potential capital gain of 3.40% across each of those five years.
At number 181th of VIC’s most discounted properties, Cowes is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Cowes the average time real estate has been on the market is 118.09 days.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 3.29%, investors should hope to achieve an overall return of 4.42%
Property value increases in Cowes have tracked just lower than the VIC average of 4.09% over the last 12 months.
Taking the average capital gain, or increase in median house value, Cowes,3922 has racked up an average of 1.79% over the period. This ranks it number 1361th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Cowes should be aiming for at least -5.28% off the asking price, which is the average vendor discount being achieved at the moment.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 2.39%.