Cobram vs Great Western
Property investment comparison - Cobram, VIC 3644 vs Great Western, VIC 3377
Head-to-head across core investment metrics: Cobram wins 3, Great Western 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 | Cobram | Great Western |
|---|---|---|
| Median house price | $440K | $450K |
| Median unit price | $330K | $320K |
| Gross rental yield (houses) | 5.66% | 4.42% |
| Gross rental yield (units) | 5.52% | 7.08% |
| 1-year house growth | -3.1%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.3% | 1.7% |
| Population | 6,148 | 425 |
Cobram vs Great Western: what the numbers say
The median house price is $440K in Cobram and $450K in Great Western, so Cobram is the cheaper entry point, with Great Western houses about 2% dearer.
For units, Cobram sits at a median of $330K against $320K in Great Western, which makes Great Western the more affordable unit market and Cobram the pricier one.
On cash flow, Cobram leads: houses there return a gross rental yield of 5.66%, compared with 4.42% in Great Western, a gap of 1.24 percentage points.
Rental vacancy is 1.3% in Cobram and 1.7% in Great Western, so landlords in Cobram face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cobram is the bigger suburb, with a population of 6,148 against 425, roughly 14 times the size of Great Western; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cobram for rental income, Cobram for a lower purchase price, Cobram 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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