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Cowes, VIC 3922

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cowes, VIC 3922 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cowes, VIC 3922”

  1. The total adult population (15 years or older) of Cowes 3922 VIC is 5,657, with a median age of 55. Of those, 49.60% are married, 17.27% are divorced or separated, 24.48% are single and 8.77% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,356. The median monthly mortgage repayment for households in this suburb is $1,550 which is 28.94% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cowes, with the postal code of 3922, is nestled within the state of Victoria, Australia. This suburb is estimated to consist of approximately 7451 households. Diving into the Q3 data for 2023, we see the typical price for homes swaying around the $711,227 mark. House rentals are demanding a median weekly rental income of $442. This sets the indicative yield to approximately 3.23%, which caters to investors focusing on a cashflow-positive strategy.

    In terms of sociodemographic indicators, Cowes has an IRSAD score of 943 out of 1217 suggesting a moderate level of socio-economic resources and income projections in the area. The renter to owner ratio sits at an investor-friendly 26%, indicating a balanced market but tipping slightly in favour of landlords. This lower ratio suggests long-term returns for property owners thanks to reduced competition, risk and maintaining the suburb appeal due to a lower proportion of rental properties.

    Further exploring the fundamentals of Cowes, we find a unit to house ratio of 13%. This intimates that there is a higher inclination towards houses than units in the local market, attracting families seeking longevity in their tenancies. It also suggests less competition among landlords for tenants, which ultimately pertains to higher rental yields.

    Affordability, often a hurdle for aspiring homeowners, is a little challenged in the suburb of Cowes with the affordability index stretching out to 52 years for houses. This points towards an expensive market, suggesting higher prices may lock out many potential buyers.

    Supply metrics offer a comforting perspective for potential investors, with stock on market Percentage for houses sitting at an impressively low 0.37%. With an inventory level for houses at just 1.85 months, it implies a favourable seller’s market due to the quick absorption of new listing into the market. building approvals Ratio for houses remains low too at 0.4%, indicating that new supply won’t be flooding the market soon.

    Analysing the demand side, the average days on market for houses is recorded at 74 days. This is slightly higher than ideal but it does not deny the existing demand in the market, especially considering the buy search index for houses is at 5, signifying a decent demand. The vacancy rate in Cowes is currently 2.48% presenting a balanced rental demand. This suggests that homes, once bought and put on the rental market, are unlikely to sit empty for long.

    In sum, Cowes demonstrates a mix of favourable indicators for both property investors and buyers’ agents thanks to its supply-demand balance, moderate socio-economic score and an appreciable yield. However, mindful attention to trends in these metrics will be key for informed decision making. The analytics provided by HtAG’s Relative Composite Score (RCS) and the dashboard can further simplify this process, enhancing your insight into current and emerging property market trends.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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