Suburb Profile Report for Cowes VIC (3922)

Cowes House: Median price $520,500, Annual capital growth 5.89%, Number of sales 186, Weekly median advertised rent $370

Cowes Unit: Median price $392,500, Annual capital growth 4.18%, Number of sales 56, Weekly median advertised rent $320

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Cowes, 3922 have given investors a capital gain of 5.69%. This compares favourably with the 0.01% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Cowes comes in at number 48th in VIC.

Sellers are offering property buyers an average discount of -7.94% to buyers in Cowes at the moment, which is less than average for the rest of VIC.

At number 3246 in a list of fastest selling suburbs, Cowes is in the bottom 20% of suburbs in Australia with an average of days on market 118.558 for properties listed there.

Situated 75.10km from the CBD, Cowes is one of Bass Coast (S) localities in the postcode 3922.

Property value increases in Cowes have tracked close to the VIC average of 3.98% over the last 12 months.

If we look at median property appreciation over just the last three months, Cowes has given property investors a paper return of 7.68%. This puts Suburb as 41 on a list of fastest fasting appreciating suburbs in VIC

Property buyers and investors in Cowes 3922 should be seeing an average reduction in asking price of around -6.22% . This means that Cowes is holding prices well when compared to other suburbs in VIC.

Cowes, 3922’s gross rental yield is 4.24%

Metrics i HOUSE UNIT
$520,500 $392,500
-0.86% 7.68%
5.69% 3.36%
5.89% 4.18%
$370 $320
186 56
3.70% 4.24%
118.557692307692 117.840909090909

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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