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Cobblebank, VIC 3338

Home » VIC Real Estate Data » Melton City, VIC » Cobblebank, VIC 3338

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 Cobblebank, VIC 3338 located in Melbourne 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.

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Yield 

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Buy 

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Rent 

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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 “Cobblebank, VIC 3338”

  1. The total adult population (15 years or older) of Cobblebank 3338 VIC is 8,702, with a median age of 35. Of those, 40.38% are married, 15.59% are divorced or separated, 38.66% are single and 5.38% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $5,608. The median monthly mortgage repayment for households in this suburb is $1,300 which is 23.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Centrally located in the state of Victoria, COBBLEBANK 3338 is a thriving suburb, hosting approximately 1,794 households, thus making it an area of interest for potential investors. In Q3 of 2023, pertinent statistics for houses in this bustling suburb were as follows:

    The typical price for houses in COBBLEBANK stood at an inviting $652,613, with a median weekly rent of $384. This equates to an indicative yield of 3.06%, teetering right above the 3% threshold regarded as a minimum requirement for cashflow-centered property investors.

    From a socio-economic viewpoint, COBBLEBANK scored a solid 975 out of 1217 on the IRSAD score; indicating a relatively high socio-economic status among residents, including their income levels and access to economic resources.

    As for the housing profile, the renter to owner ratio sits at 35%, a modest figure that may present some competition for investors, but not to a point of deterring investments. A highlight is the fact that houses far dominate the property landscape with a units to houses ratio of a marginal 5%- potentially guaranteeing less competition particularly among landlords and longevity in tenancy periods.

    However, a point of interest for potential investors would be the affordability index. Standing at 46 years, it exceeds the standard 30-year mortgage term, hinting at decreased affordability within the area.

    In regards to supply metrics, the suburb exhibited a stock on market Percentage for houses at 1.25%, presenting a balanced supply in the property market. Meantime, the inventory level for houses of 4.71 months implies a slightly high supply, but not dramatically so. One caveat though is the building approvals Ratio coming in at an unusually high 13.29%, pointing towards a looming surge in new dwelling stock that could lead to an oversupply in the market.

    For demand metrics, the suburb shows signs of a balanced market. The average number of days on market for houses is 35, indicating a reasonable demand. Likewise, the combined vacancy rate for both houses and units is 2.21%, signifying a neutral level of demand. The Buy Search Index, however, indicates a relatively limited demand with a score of 3.

    In conclusion, while COBBLEBANK 3338 showcases potential as an investment hotspot, a thorough understanding of the market dynamics is key for any potential property investor. Using a reliable metric like the RCS, developed by HtAG Analytics, could aid in providing a deeper analysis of the market status using over 80 different metrics.

    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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