Suburb Profile Report for Cockatoo VIC (3781)

Cockatoo House: Median price $500,000, Annual capital growth 7.22%, Number of sales 73, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Expert Report

VIC has seen average median house prices change by 11.73% which means that Cockatoo, 3781 has done well for property investors by showing a capital gain of 25.00% over the last year

Over the longer term, Cockatoo has seen property prices show investors a 35.14% return over the last 3 years. This is worse than over the last 12 months

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Information supplied by:


July 2017

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House prices in this suburb have been increasing steadily over the past five years, with the April 2017 quarter alone recording a 10% rise. Nonetheless, Cockatoo’s distance from the Melbourne CBD makes it so that even significant jumps in price keep the median value below $450,000.Full summary

Cockatoo, VIC – Community makes this mountainside suburb
Median house price: $440,000
Three-year growth: 20.55%
Rental yield: 4.14%

Nestled in the Dandenong Ranges between the suburbs of Emerald and Gembrook, Cockatoo is quickly growing as a residential town. 

House prices have been increasing steadily over the past five years, with the April 2017 quarter alone recording a 10% rise. Nonetheless, Cockatoo’s distance from the Melbourne CBD makes it so that even significant jumps in price keep the median value below $450,000.

Due to growing demand, vendors are unloading houses at an average discount rate of just 3.7%. Some of this demand is likely coming from investors, who are here for the suburb’s rental yield of 4%.

Cockatoo’s appeal lies in its well-served community. Residents have access to a supermarket, cafes and restaurants along McBride Street, through which the Puffing Billy train passes. The local sports complex is well equipped with courts and an indoor stadium. Naturally, its scenic location is maximised – Cockatoo continues to be a destination for bushwalkers.

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Metrics i HOUSE UNIT
$500,000 N/A
7.99% N/A
25.00% N/A
7.22% N/A
$350 N/A
73 N/A
3.64% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 4400
Median household income ($/weekly) 1305
Median age of persons 36
Median housing loan repayment ($/monthly) 1517
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 703 16.0
    25-34 years 461 10.5
    35-44 years 781 17.7
    45-54 years 746 17.0
    55-64 years 503 11.4
    Others 1207 27.4
    Age Group
    Census Count Percent(%)
    Registered Married 1525 49.7
    Not Married 1126 36.7
    Defacto Relationship 418 13.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3532 85.5
    New Zealand 47 1.1
    Papua New Guinea 57 1.4
    United Kingdom 264 6.4
    Other 67 1.6
    Others 166 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 34 0.9
    Christianity 1902 49.5
    Judaism 13 0.3
    Other Religious Groups 38 1.0
    No Religion 1849 48.1
    Others 9 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 116 9.0
    $1,000-$1,249 178 13.8
    $1,250-$1,499 133 10.3
    $1,500-$1,999 204 15.8
    $2,000-$2,499 151 11.7
    Others 506 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1404 44.2
    Not in the labour force 870 27.4
    Employed, worked part-time 664 20.9
    Employed, away from work 128 4.0
    Unemployed, looking for work 110 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 263 12.0
    Professionals 316 14.4
    Technicians & trades workers 472 21.5
    Clerical & administrative workers 274 12.5
    Labourers 277 12.6
    Others 594 27.0
    Occupation
    Census Count Percent(%)
    Pre-school 96 8.3
    Infants/Primary 418 36.0
    Secondary 389 33.5
    Technical or Further Educational Institution 107 9.2
    University or other Tertiary Institutions 110 9.5
    Others 41 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4046 99.7
    House or flat attached to a shop, office 5 0.1
    Flat, unit or apartment 3 0.1
    Caravan, cabin, houseboat 3 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 919 65.4
    Fully owned 319 22.7
    Rented 155 11.0
    Other tenure type 13 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals