Suburb Profile Report for Cobram VIC (3644)

Cobram House: Median price $288,000, Annual capital growth 2.84%, Number of sales 89, Weekly median advertised rent $300

Cobram Unit: Median price $215,000, Annual capital growth 3.10%, Number of sales 19, Weekly median advertised rent $235

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by 4.41% which means that Cobram, 3644 has done well for property investors by showing a capital gain of 8.68% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Cobram comes in at number 433th in VIC.

Cobram, 3644 is offering VIC ‘s 349th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Residents and property investors in Cobram have been waiting around 125.169 days to sell a property.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.84%, investors should hope to achieve an overall return of 5.42%

At number 140th in the list of Australian suburbs ordered by increase in median house value over the last year, Cobram, 3644 is in the top 10% with a property value increase of 16.53% recorded in median house prices.

Cobram,3644 has offered an average of 16.53% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Cobram 3644 should be seeing an average reduction in asking price of around -4.63% . This means that Cobram is holding prices well when compared to other suburbs in VIC.

With the median price for a house in Cobram being $215000 and the advertised rent reaching $235 the gross rental yield for property investors calculates out to be 5.68%

Metrics i HOUSE UNIT
$288,000 $215,000
6.67% 0.00%
8.68% 16.53%
2.84% 3.10%
$300 $235
89 19
5.42% 5.68%
125.169230769231 103

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 6018
Median household income ($/weekly) 784
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 746 12.4
    35-44 years 679 11.3
    45-54 years 729 12.1
    55-64 years 760 12.6
    65-74 years 688 11.4
    Others 2417 40.2
    Age Group
    Census Count Percent(%)
    Registered Married 2190 51.0
    Not Married 1744 40.6
    Defacto Relationship 357 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4813 84.5
    Indonesia 92 1.6
    Ireland 124 2.2
    Japan 211 3.7
    United Kingdom 172 3.0
    Others 284 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 0.5
    Christianity 4196 76.0
    Islam 253 4.6
    Other Religious Groups 77 1.4
    No Religion 948 17.2
    Others 22 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 229 11.1
    $400-$599 364 17.7
    $600-$799 268 13.0
    $800-$999 234 11.4
    $1,500-$1,999 202 9.8
    Others 763 37.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2148 47.0
    Employed, worked full-time 1377 30.1
    Employed, worked part-time 724 15.8
    Employed, away from work 167 3.7
    Unemployed, looking for work 154 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 361 15.9
    Professionals 228 10.1
    Technicians & trades workers 293 12.9
    Clerical & administrative workers 230 10.1
    Labourers 470 20.7
    Others 685 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 84 7.2
    Infants/Primary 459 39.4
    Secondary 384 32.9
    Technical or Further Educational Institution 123 10.5
    University or other Tertiary Institutions 67 5.7
    Others 49 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5100 92.0
    Flat, unit or apartment 291 5.3
    Semi-detached, row or terrace house, townhouse 84 1.5
    Caravan, cabin, houseboat 53 1.0
    House or flat attached to a shop, office 14 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 928 41.2
    Rented 697 30.9
    Being purchased 607 26.9
    Other tenure type 23 1.0
    Tenure Type
Census 2011, ABS
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