Cowes, VIC 3922: Suburb Profile & Property Report

Market Report

House report
Unit Report

Cowes has 333 houses available for sale. The median property price for a house is currently $751,000 with annual capital growth of -3.72% . There were 147 house sales in the past 12 months. On average, houses spend 66 days on market.

If you're thinking about buying an investment property in Cowes, consider that rental yields for houses are currently 3.31% with an average median rent of $480 weekly. Houses have seen 0.00% growth in the past quarter, and -3.72% growth in the past 12 months.

The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of total area. The population of Cowes in 2011 was 4,053 people. By 2016 the population was 4,832 showing a population growth of 19.2% in the area during that time. The predominant age group in Cowes is 60-69 years.

Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation. In 2011, 63.7% of the homes in Cowes were owner-occupied compared with 65.4% in 2016.

Cowes has 84 units available for sale. The median property price for a unit is currently $647,750 with annual capital growth of 5.33% . There were 34 unit sales in the past 12 months. On average, units spend 56 days on market.

If you're thinking about buying an investment property in Cowes, consider that rental yields for units are currently 3.68% with an average median rent of $430 weekly. Units have seen 0.58% growth in the past quarter, and 5.33% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$751,000	$647,750
Quarterly growth	0.00%	+0.58%
12-month growth	-3.72%	+5.33%
Average annual growth	+7.50%	+12.78%
Weekly median rent	$480	$430
Gross rental yield	3.31%	3.68%
Number of Sales (12m)	147	34
Avg. Days on Market (12m)	66	56

Jump to Market Trends

Key Demographics	2011	2016
Total population	4,053	4,832
Population change (5y)	+10.20%	+19.20%
Median household income (p/w)	$749	$885
Household income change (5y)	+24.63%	+18.16%
Median age of persons	51	54

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Cowes is $751,000 for houses and $647,750 for units.

The Median Growth in Cowes over the past 12 months is -3.72% for houses and 5.33% for units.

Over the past 12 months there were 147 houses sold and 34 units sold in Cowes. On average, houses spent 66 days on market and units spent 56 days on market.

In the past 12 months up to August 2024 there were 147 houses sold and 34 units sold in Cowes. On average, houses spent 66 days on market and units spent 56 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Cowes is $480 for houses and $430 for units.

The Rental Yield in Cowes is 3.31% for houses and 3.68% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Cowes was 4,832 in 2016, a +19.20% change compared to 2011.

The predominant age group in Cowes is 60-69 years.

The population of Cowes was 4,832 in 2016, a +19.20% change compared to 2011.

The predominant age group in Cowes is 60-69 years.

Most of the population in Cowes were born in Australia.

Most of the population in Cowes report their religion as No Religion.

Most of the population in Cowes report their income range as between $15,000 and $33,000 .

The median household income in Cowes was $885 in 2016, a +18.16% change compared to 2011.

Most of the population in Cowes report their income range as between $15,000 and $31,000 .

The median household income in Cowes was $749 in 2011, a +24.63% change compared to 2006.

Most of the population in Cowes work as Trades.

The chart below demonstrates the various levels of education in Cowes.

Most of the population in Cowes reached a qualification level of Certificate.

2011 2016

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