Suburb Profile Report for Cobden VIC (3266)

Cobden House: Median price $240,000, Annual capital growth 10.16%, Number of sales 19, Weekly median advertised rent $240

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Over the last year, property investments in Cobden, 3266 have given investors a capital gain of 11.50%. This compares very favourably with the -1.79% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Cobden,3266 has racked up an average of 11.50% over the period. This ranks it number 63th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Cobden are currently offering property investors an average price cut of -5.93% below the asking price at the moment.

In the last year 19 properties changed hands in Cobden, which puts it as the 596th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Cobden being $240000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 5.20%

Metrics i HOUSE UNIT
$240,000 N/A
0.00% N/A
11.50% N/A
10.16% N/A
$240 N/A
19 N/A
5.20% N/A
78.3076923076923 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1822
Median household income ($/weekly) 940
Median age of persons 44
Median housing loan repayment ($/monthly) 997
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 257 14.1
    35-44 years 218 12.0
    45-54 years 243 13.4
    55-64 years 216 11.9
    65-74 years 200 11.0
    Others 686 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 716 55.5
    Not Married 474 36.7
    Defacto Relationship 101 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1657 93.8
    New Zealand 23 1.3
    Papua New Guinea 28 1.6
    United Kingdom 29 1.6
    United States of America 8 0.5
    Others 21 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 1263 75.1
    No Religion 406 24.2
    Buddhism 9 0.5
    Hinduism 3 0.2
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 65 10.4
    $400-$599 88 14.1
    $800-$999 77 12.3
    $1,250-$1,499 68 10.9
    $1,500-$1,999 73 11.7
    Others 254 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 613 43.5
    Employed, worked full-time 440 31.3
    Employed, worked part-time 254 18.0
    Employed, away from work 75 5.3
    Unemployed, looking for work 26 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 131 17.0
    Technicians & trades workers 104 13.5
    Sales 75 9.7
    Machinery operators & drivers 75 9.7
    Labourers 152 19.7
    Others 233 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 23 5.8
    Infants/Primary 157 39.5
    Secondary 155 39.0
    Technical or Further Educational Institution 36 9.1
    University or other Tertiary Institutions 15 3.8
    Others 11 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1609 95.9
    Flat, unit or apartment 42 2.5
    House or flat attached to a shop, office 14 0.8
    Semi-detached, row or terrace house, townhouse 9 0.5
    Caravan, cabin, houseboat 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 309 46.1
    Being purchased 204 30.4
    Rented 151 22.5
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
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