Cobblebank is a smaller suburb in Victoria within the Melton local government area (postcode 3338). With a population of 3,601, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $100K per year, with an average household size of 3.4 people. The most common occupations are machinery operators & drivers, professionals, community & personal service. The top ancestries reported are Indian, Australian, English.
The median house price in Cobblebank is $625,000, having declined 3.3% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,850.
Public transport access includes 4 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Cobblebank offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($625K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved -3.3% year-on-year.
Cobblebank is a smaller suburb in Victoria within the Melton local government area (postcode 3338). With a population of 3,601, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $100K per year, with an average household size of 3.4 people. The most common occupations are machinery operators & drivers, professionals, community & personal service. The top ancestries reported are Indian, Australian, English.
The median house price in Cobblebank is $625,000, having declined 3.3% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,850.
Public transport access includes 4 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Cobblebank offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($625K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved -3.3% year-on-year.