Suburb Profile Report for Cobram VIC (3644)

Cobram House: Median price $253,000, Annual capital growth 1.38%, Number of sales 120, Weekly median advertised rent $300

Cobram Unit: Median price $182,500, Annual capital growth 2.57%, Number of sales 12, Weekly median advertised rent $230

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

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

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -1.57% for the last year, Cobram, 3644 is the 2876th highest performer in Australia in this respect.

While Cobram,3644 ranked number 149th in VIC for increase in median house value (annualised) increase, it is ranked 638th over the last 5 years.

Vendor discounting in Cobram is giving property investors an average Vendor Discount of around -6.20%. This puts suburb at number 287th in VIC when ranking the most discounted suburbs.

With the median price for a house in Cobram being $251000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 6.22%

If you compare the increase in value of investment property in Cobram, 3644 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.29%.

The five-year average increase in median property values for Cobram,3644 has given property investors a potential capital gain of 3.69% across each of those five years.

Vendor discounting in Cobram is giving property investors an average Vendor Discount of around -5.20%. This puts suburb at number 148th in VIC when ranking the most discounted suburbs.

A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.27%, without taking into account capital value appreciation, which has been averaging out at 2.05%.

Metrics i HOUSE UNIT
$253,000 $182,500
-0.78% 1.39%
1.20% 1.39%
1.38% 2.57%
$300 $230
120 12
6.17% 6.55%
131.55952 N/A

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

DSR Score for property investment : Above average (H), Above average (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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