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Cobden, VIC 3266

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 Cobden, VIC 3266 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 “Cobden, VIC 3266”

  1. The total adult population (15 years or older) of Cobden 3266 VIC is 1,521, with a median age of 51. Of those, 48.65% are married, 12.29% are divorced or separated, 29.59% are single and 9.60% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,068. The median monthly mortgage repayment for households in this suburb is $1,083 which is 17.85% of their earnings.

    Source: ABS Census Data (2021)

  2. Houses in the suburban landscape of Cobden 3266, situated in Victoria, are nestled amidst an estimated 1036 households. As of the third quarter of 2023, the typical prices for houses in this idyllic town stand at $461,311, with a median weekly rent averaging at $308. This rent-to-price ratio culminates in an indicative yield of 3.47%.

    Cobden has an independent resources socio-economic advantage deprivation (IRSAD) score of 900 out of 1217 indicating a commendable socio-economic status with relatively well-off residents, moderate access to economic resources and competent professional skills. The ratio of renters to property owners is a mere 20% – a favourable market for property investors and landlords as this signals a higher proportion of property owners, reducing competition and potentially leading to higher rental yields in the long run.

    When it comes to property types, the percentage of units to houses is only 6% which underscores the fact that the market environment is dominated by houses that typically appeal more to families and extended tenancy periods. What’s more, it reflects a lower likelihood of unit oversupply, a factor that can dampen rental returns if the market cools or regulatory changes occur.

    In terms of affordability, the index is measured at 30 years. This means that an average household in Cobden would need approximately 30 years to fully own a property – a figure that sits right on the border of the ‘favourable’ range for affordability.

    Supply metrics further reveal that the stock on market Percentage for houses rests at 0.1% – an extremely favourable figure denoting a low supply environment and implying potential opportunities for price growth. The inventory level or months of supply for houses stands at a beneficial 1.0 month, indicating a swift absorption rate of new listings. Interestingly, the building approvals Ratio is 0.0%, showing a significantly low inception of new residential projects which might result in a further tightening of supply.

    However, caution is advised as the ‘Days on Market’ for houses is clocked at 120 days indicating a slow-moving market and relatively lower demand – something that property investors need to factor in. On a brighter note, the vacancy rate, encompassing both houses and units, is presented at a favourable 0.48%. This low vacancy rate can be associated with high demand, signalling that renters are more likely to pay premium prices due to the limited supply.

    Lastly, the buy search index recorded for houses is at 3, indicating a moderate level of buyer interest, and thus suggesting a neutral demand situation.

    This nuanced outlook on Cobden’s property market demonstrates the necessity of a thorough understanding of multiple key metrics before making any property investment decisions. Comprehensive market knowledge is a quintessential tool to discern potential opportunities for capital gains and positive cash flow in real estate.

    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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