Cobblebank vs Wodonga
Property investment comparison - Cobblebank, VIC 3338 vs Wodonga, VIC 3690
Head-to-head across core investment metrics: Cobblebank wins 0, Wodonga wins 4. 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 | Cobblebank | Wodonga |
|---|---|---|
| Median house price | $645K | $645K |
| Median unit price | - | $415K |
| Gross rental yield (houses) | - | 4.40% |
| Gross rental yield (units) | 4.40% | 5.33% |
| 1-year house growth | +3.5% | +12.3% |
| 3-year house growth | -1.3% | +18.4% |
| Vacancy rate | 2.2% | 1.4% |
| Population | 3,601 | 20,259 |
Cobblebank vs Wodonga: what the numbers say
Houses cost about the same in both suburbs: the median house price is $645K in Cobblebank and $645K in Wodonga.
Over the past year house prices moved +3.5% in Cobblebank and +12.3% in Wodonga, so recent momentum favours Wodonga, although both suburbs recorded growth.
Looking back three years, Cobblebank houses are -1.3% and Wodonga houses +18.4%, so Wodonga has compounded faster than Cobblebank over the longer window.
Rental vacancy is 1.4% in Wodonga and 2.2% in Cobblebank, so landlords in Wodonga face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Wodonga is the bigger suburb, with a population of 20,259 against 3,601, roughly 6 times the size of Cobblebank; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Wodonga for recent price momentum, Wodonga 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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