Suburb Profile Report for Cowes VIC (3922)

Cowes House: Median price $415,000, Annual capital growth 4.08%, Number of sales 177, Weekly median advertised rent $300

Cowes Unit: Median price $332,000, Annual capital growth 1.32%, Number of sales 86, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

Cowes has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.08% to date .

Taking the average capital gain, or increase in median house value, Cowes,3922 has racked up an average of 10.08% over the period. This ranks it number 2318th in the whole country for real estate investors looking at median house price increases.

Advertised rents are around the $300 mark per week – giving a return of 3.76% based on the median price in Suburb

VIC has seen average median house prices change by 6.72% which means that Cowes, 3922 has done well for property investors by showing a capital gain of -0.90% over the last year

The five-year average increase in median property values for Cowes,3922 has given property investors a potential capital gain of 12.07% across each of those five years.

A $265 per week rent on the median house gives suburb investors a gross yield of circa 4.15%, without taking into account capital value appreciation, which has been averaging out at 1.32%.

Metrics i HOUSE UNIT
$415,000 $332,000
3.11% -0.90%
10.08% -0.90%
4.08% 1.32%
$300 $265
177 86
3.76% 4.15%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 4053
Median household income ($/weekly) 735
Median age of persons 51
Median housing loan repayment ($/monthly) 1450
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 498 12.3
    45-54 years 458 11.3
    55-64 years 594 14.7
    65-74 years 596 14.7
    75-84 years 427 10.5
    Others 1481 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1408 49.2
    Not Married 1185 41.4
    Defacto Relationship 268 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3063 79.7
    Japan 39 1.0
    Papua New Guinea 79 2.1
    United Kingdom 347 9.0
    Other 81 2.1
    Others 234 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 1.3
    Christianity 2384 66.1
    Hinduism 6 0.2
    Other Religious Groups 17 0.5
    No Religion 1142 31.7
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 190 12.5
    $400-$599 291 19.2
    $600-$799 206 13.6
    $800-$999 181 11.9
    $1,000-$1,249 130 8.6
    Others 521 34.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1657 50.9
    Employed, worked full-time 827 25.4
    Employed, worked part-time 571 17.5
    Employed, away from work 104 3.2
    Unemployed, looking for work 98 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 195 13.0
    Professionals 194 13.0
    Technicians & trades workers 309 20.6
    Sales 186 12.4
    Labourers 201 13.4
    Others 412 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 57 8.8
    Infants/Primary 254 39.1
    Secondary 200 30.8
    Technical or Further Educational Institution 66 10.2
    University or other Tertiary Institutions 38 5.8
    Others 35 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3140 89.8
    Semi-detached, row or terrace house, townhouse 222 6.4
    Flat, unit or apartment 112 3.2
    Caravan, cabin, houseboat 16 0.5
    House or flat attached to a shop, office 6 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 714 44.0
    Rented 530 32.7
    Being purchased 354 21.8
    Other tenure type 23 1.4
    Tenure Type
Census 2011, ABS
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