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%