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Cohuna, VIC 3568

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 Cohuna, VIC 3568 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 “Cohuna, VIC 3568”

  1. The total adult population (15 years or older) of Cohuna 3568 VIC is 2,080, with a median age of 55. Of those, 51.49% are married, 12.36% are divorced or separated, 25.29% are single and 10.53% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,808. The median monthly mortgage repayment for households in this suburb is $997 which is 17.17% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cohuna, with the postcode 3568, is positioned in Victoria and is home to approximately 1,488 households. In the third quarter of 2023, the discernible market trend shows that the standard prices for houses in Cohuna are notably rested at $381,296. Couple this with a median weekly rent of $400, and it provides an appealing indicative yield of 5.46%, well above the minimum market requirement of 3% for those investors primarily concerned with cash flow.

    Cohuna boasts an IRSAD score of 923 out of a possible 1217, signifying that its socio-economic environment is satisfactory, with general accessibility to economic resources and diverse occupations within the community. The rentals landscape, shown by an 18% renter to owner ratio, is well-balanced and favourable for property investors. This ratio is beneficially below the threshold of 30%, ensuring a lower risk market with lesser competition among landlords.

    A noteworthy aspect of Cohuna’s property market is the units to houses ratio, which is extremely favourable, sitting at a low 6%. This lower proportion of units suggests less competition among landlords and the potential for sustained rental yields. The presence of more houses typically attracts families, which in turn may result in longer tenancy periods and thus stability for landlords.

    The affordability of houses in Cohuna is highlighted by its affordability index. At 26 years, Cohuna stands as a highly appealing market, far from the deterrent 31-year threshold. This shows the residents are well-positioned to fully own their properties within the time frame of a standard 30-year mortgage.

    In terms of supply metrics, Cohuna exhibits a promising landscape. The stock on market percentage for houses is relatively low at 0.21%, indicative of a favourable low-supply market. This is supported by an inventory level of 1.06 months, underpinning an environment that is readily absorbent of new listings. Unsurprisingly, with a building approvals ratio of 0.0% for houses, the supply of new dwelling stock remains substantially low and favourable.

    The demand for houses in Cohuna, albeit slightly low, has a reasonable standing. The average days on the market for houses is 72, a figure slightly above the high-demand threshold, suggesting a medium-demand market. Meanwhile, the vacancy rate, a combined figure for houses and units, is at an impressively low 0.75%, indicating high demand and low supply—a desirable scenario for landlords. However, the buy search index of 3 demonstrates limited demand, meaning there remains potential for growth in this largely undiscovered gem.

    In summary, Cohuna, 3568 presents a property market ripe with favourable indicators, particularly for housing. And while some metrics like the buy search index fall below optimal ranges, the overall favourable circumstances outweigh these anomalies. It’s a testament to keeping a vigilant watch on market trends and data like the Relative Composite Score (RCS) developed by HtAG Analytics to make well-informed real estate investment decisions.

    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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