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Cowes, VIC 3922
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$700,000
market range $675K-$750K
Median Unit
$555,000
market range $500K-$625K
Gross Yield (houses)
3.8%
1yr Growth (houses)
-2.1%
market range -10.0% to +2.5%
Investment snapshot for Cowes
Cowes has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cowes market and investor summary
In Cowes, VIC 3922, the median house sells for around $700K, on a gross rental yield of 3.8% for houses. House prices have moved -2.1% over the past year and -12.5% over three years. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.5% and a resident base that is not shrinking.
Living in Cowes: people, income and schools
Cowes has a resident population of roughly 6,593, and the area has been growing steadily, up about 13% over five years. At a median age of 55, it reads as an older, established demographic, and families account for 63% of households.
The typical household income runs to around $53,000 a year (about $1,030 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 13.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 3 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Cowes sits about 75 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 66 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 6,593
- +13% over 5yr
- Median age
- 55 years
- Median household income
- $53,000/yr
- Households renting
- 27%
- Family households
- 63%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1055
- Unemployment
- 2.8%
- Distance to CBD
- 75 km
- Walk score
- 66/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cowes
No properties currently listed in Cowes
Search Cowes listings →Frequently asked questions about Cowes
What should I check before investing in Cowes?
Cowes has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Cowes?
The median property price in Cowes, VIC 3922 is $700K for houses and $555K for units.
What rental yield does Cowes show?
The gross rental yield in Cowes is 3.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Cowes?
House prices in Cowes are down 2.1% over the past year and down 12.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Cowes?
The current vacancy rate in Cowes is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Cowes?
Cowes has a population of approximately 6,593 residents, with a median age of 55.
What schools are near Cowes?
There are 3 schools within roughly 5km of Cowes. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Cowes affordable to buy in?
A median house in Cowes costs about 13.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Cowes's population growing?
The population of Cowes has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Cowes from the CBD?
Cowes is about 75 km from the CBD.
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