Cobains vs Warragul
Property investment comparison - Cobains, VIC 3851 vs Warragul, VIC 3820
Head-to-head across core investment metrics: Cobains wins 1, Warragul wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Cobains | Warragul |
|---|---|---|
| Median house price | $690K | $695K |
| Median unit price | - | $450K |
| Gross rental yield (houses) | 3.99% | 4.50% |
| Gross rental yield (units) | - | 4.80% |
| 1-year house growth | - | +8.1% |
| 3-year house growth | - | +4.7% |
| Vacancy rate | 26.4% | 1.9% |
| Population | 245 | 19,856 |
Cobains vs Warragul: what the numbers say
The median house price is $690K in Cobains and $695K in Warragul, so Cobains is the cheaper entry point, with Warragul houses about 1% dearer.
On cash flow, Warragul leads: houses there return a gross rental yield of 4.50%, compared with 3.99% in Cobains, a gap of 0.51 percentage points.
Rental vacancy is 1.9% in Warragul and 26.4% in Cobains, so landlords in Warragul face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Warragul is the bigger suburb, with a population of 19,856 against 245, roughly 81 times the size of Cobains; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Warragul for rental income, Cobains for a lower purchase price, Warragul for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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