Fast 50 Report 2026 Banner

Mount Cottrell

POSTAL CODE: VIC, 3024
HOUSE

MOUNT COTTRELL, 3024 ranks 808th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.82% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $750,000.

The upward trend in home prices in MOUNT COTTRELL, 3024 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 3.81% increase in returns based on the current median price in MOUNT COTTRELL.

An average of 3.25 real estate transactions take place per month in MOUNT COTTRELL which translates to 39 per annum.

39 properties were sold in MOUNT COTTRELL in 2016, making it the 257th most active market in VIC based on total real estate transactions.

MOUNT COTTRELL, 3024 places 501st in Australia based on median property value growth during the quarter.

Surburb overview

Mount Cottrell, located approximately 31 kilometres west of Melbourne's Central Business District (CBD), is a suburb within the Cities of Melton and Wyndham local government areas.  As of the 2021 census, it has a population of 496 residents.

The suburb is named after Mount Cottrell, a 203-meter-high volcanic cone formed by radial lava flows. It is a significant geological feature in the Werribee Plains. 2007, the Melton Council purchased the mountain to preserve its geological and ecological values.

Mount Cottrell is a rural setting characterised by a small, close-knit community. The median age of residents is 42, and the area predominantly consists of separate houses.

The suburb encompasses various land zones, including the Rural Conservation Zone (28.82%), the Green Wedge Zone (19.17%), and the Urban Growth Zone (13.81%). These zones reflect the area's mix of conservation efforts and potential for future development.

Due to its rural nature, Mount Cottrell has limited public transportation options. Residents primarily rely on private vehicles for commuting, and major roads such as Boundary Road and Dohertys Road provide access to neighbouring suburbs and the Melbourne CBD. 

As a predominantly rural area, Mount Cottrell has limited local amenities. Residents can access nearby suburbs such as Melto and Wyndham Vale for services, shopping centres, and educational institutions.

The property market in Mount Cottrell reflects its rural character, with a focus on larger land parcels and agricultural properties. The median house price is $682,000, and annual capital growth is $ 17.23%. 

Mount Cottrell offers a tranquil rural lifestyle within reach of Melbourne's urban amenities, making it an attractive location for those seeking a balance between country living and city accessibility. 

You’re out of free articles for this month
Loading form...