Cobungra vs Cranbourne West
Property investment comparison - Cobungra, VIC 3898 vs Cranbourne West, VIC 3977
Head-to-head across core investment metrics: Cobungra wins 1, Cranbourne West 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 | Cobungra | Cranbourne West |
|---|---|---|
| Median house price | $735K | $735K |
| Median unit price | $565K | $545K |
| Gross rental yield (houses) | 3.23% | 4.21% |
| Gross rental yield (units) | 1.90% | - |
| 1-year house growth | - | +5.8% |
| 3-year house growth | - | +11.4% |
| Vacancy rate | 1.9% | 2.8% |
| Population | 58 | 19,969 |
Cobungra vs Cranbourne West: what the numbers say
Houses cost about the same in both suburbs: the median house price is $735K in Cobungra and $735K in Cranbourne West.
For units, Cobungra sits at a median of $565K against $545K in Cranbourne West, which makes Cranbourne West the more affordable unit market and Cobungra the pricier one.
On cash flow, Cranbourne West leads: houses there return a gross rental yield of 4.21%, compared with 3.23% in Cobungra, a gap of 0.98 percentage points.
Rental vacancy is 1.9% in Cobungra and 2.8% in Cranbourne West, so landlords in Cobungra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cranbourne West is the bigger suburb, with a population of 19,969 against 58, roughly 344 times the size of Cobungra; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Cranbourne West for rental income, Cobungra 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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Cranbourne West, VIC 3977
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