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%