Cobram is a moderately sized suburb in Victoria within the Moira local government area (postcode 3644). It is home to about 6,148 residents, with a settled, mature resident base and a median age of 48. Households earn a median income of $53K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, managers, technicians & trades. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are English, Australian, Italian.
Cobram has a median house price of $464,000, which has climbed sharply by 14.4% year-on-year. Units have a median price of $315,000 (+6.8% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.2%. 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 shows a gross rental yield of approximately 5.2%, rated as high yield. Property prices sit below the state median ($464K/$875K), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +14.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.