A steady increase in median property prices over a five-year period in the suburb translates to a 9.5% capital gain.
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 $245,000.
Profits due to an upward trend in home prices there averaged 3.17% per annum over a 3-year period.
Home owners selling their properties and realtors in COBRAM usually have to wait an average of 142.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $300 mark, reflecting a 6.37% increase in returns based on the current median price in COBRAM.
COBRAM, 3644 places 628th in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in COBRAM are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $240 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $240 mark, reflecting a 6.75% increase in returns based on the current median price in COBRAM.
COBRAM, 3644 ranks 320th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
COBRAM ranks 3rd on the list of best yielding suburbs for rental properties in VIC, posting a 6.75% return.
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