Cobram is a mid-sized suburb in Victoria within the Moira local government area (postcode 3644). With a population of 6,148, the suburb has a mature demographic with a median age of 48. Households earn a median income of $53K per year, with an average household size of 2.2 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Cobram is $405,000, having declined 7.4% over the past year. Units have a median price of $295,000 (+3.5% YoY). The current median weekly rent is $423. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,235.
Cobram is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 2 rail stations, 17 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Moira LGA is higher than average at 8,887 incidents per 100,000 population.
From an investment perspective, Cobram offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($405K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved -7.4% year-on-year.
Cobram is a mid-sized suburb in Victoria within the Moira local government area (postcode 3644). With a population of 6,148, the suburb has a mature demographic with a median age of 48. Households earn a median income of $53K per year, with an average household size of 2.2 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Cobram is $405,000, having declined 7.4% over the past year. Units have a median price of $295,000 (+3.5% YoY). The current median weekly rent is $423. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,235.
Cobram is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 966, which is around the national average of 1,000. Public transport access includes 2 rail stations, 17 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Moira LGA is higher than average at 8,887 incidents per 100,000 population.
From an investment perspective, Cobram offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($405K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved -7.4% year-on-year.