Cowes

POSTAL CODE: VIC, 3922

HOUSE

UNIT

COWES ranks 629th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -8.12% for the past year is lower than average compared to its 18.57% growth within a five-year period.

Also in COWES, the median home price is sitting at $681,750, and the average rent at $495, this suggests property owners could potentially earn a 3.78% increase in gross rental yield.

Property investors have seen a -2.61% drop in COWES based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.91% growth over a ten-year period. It ranks 1288th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in COWES, 3922 translates to a -12.68% capital gain.

COWES, 3922 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 $569,750.

Augmented property values in COWES are trailing behind the VIC average of 2.9% for the past year.

Real estate investors could earn a rental income of $430 based on current median home prices for the suburb.

Home owners selling their properties and realtors in COWES usually have to wait an average of 111.5 days days before their assets are lifted off the market.

COWES ranks 316th on the list of best yielding suburbs for rental properties in VIC, posting a 3.92% return.

COWES, 3922 places 345th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$681,750	$569,750
Growth Report
Median Quarterly	-2.61%	-8.1%
Median 12 month	-8.12%	-8.84%
Median 3 years	-17.36%	-12.68%
Median 5 years	18.57%	36.63%
10 years average annual	7.91%	6.89%
Weekly media advert. rent	$495	$430
Time on Market	108.2 days	111.5 days
Gross Rental Yield Percent	3.78%	3.92%

Demographics (Median Values)*

Total Population 7738

Weekly Household Income 903

Household Size 2.20

Average Age 51

Monthly Loan Repayment 1400

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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