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Cobrico vs Springvale South

Property investment comparison - Cobrico, VIC 3266 vs Springvale South, VIC 3172

Head-to-head across core investment metrics: Cobrico wins 2, Springvale South wins 1. 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.

MetricCobricoSpringvale South
Median house price$870K$870K
Median unit price$310K$655K
Gross rental yield (houses)-3.90%
Gross rental yield (units)3.81%4.51%
1-year house growth-+5.5%
3-year house growth-+7.0%
Vacancy rate0.3%1.3%
Population7212,766

Cobrico vs Springvale South: what the numbers say

Houses cost about the same in both suburbs: the median house price is $870K in Cobrico and $870K in Springvale South.

For units, Cobrico sits at a median of $310K against $655K in Springvale South, which makes Cobrico the more affordable unit market and Springvale South the pricier one.

Rental vacancy is 0.3% in Cobrico and 1.3% in Springvale South, so landlords in Cobrico face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Springvale South is the bigger suburb, with a population of 12,766 against 72, roughly 177 times the size of Cobrico; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Cobrico for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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