Suburb Profile Report for Cowes VIC (3922)

Cowes House: Median price $400,000, Annual capital growth 4.08%, Number of sales 186, Weekly median advertised rent $300

Cowes Unit: Median price $337,000, Annual capital growth 1.78%, Number of sales 61, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Cowes has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.29% to date .

The five-year average increase in median property values for Cowes,3922 has given property investors a potential capital gain of 9.59% across each of those five years.

Our latest figures would indicate that property sellers in Cowes are currently offering property investors an average price cut of -5.04% below the asking price at the moment.

On average over the past year, suburb has had 15.50 sales per month, which equates to 186 per year.

Cowes is 259th on a list of best yielding suburbs for rents in VIC with a 3.90% return

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 6.06%

The five-year average increase in median property values for Cowes,3922 has given property investors a potential capital gain of 13.28% across each of those five years.

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 -5.64% is being offered, which puts this VIC suburb at 577th most discounted overall in Australia.

Situated 70.04km from the CBD, Cowes is one of Bass Coast localities in the postcode 3922.

Metrics i HOUSE UNIT
$400,000 $337,000
2.56% 0.60%
14.29% 6.06%
4.08% 1.78%
$300 $260
186 61
3.90% 4.01%
110.56 132.84

Source: CoreLogic

DSR Score for property investment : Above average (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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