Cowes is a mid-sized suburb in Victoria within the Bass Coast local government area (postcode 3922). With a population of 6,593, the suburb has an older demographic with a median age of 55. Households earn a median income of $53K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Cowes is $801,000, having risen modestly 0.1% over the past year. Units have a median price of $446,000 (-24.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,550.
Cowes is served by 2 schools, including 2 primary. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Cowes offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($801K/$875K). The price-to-income ratio of 15.0x is considered stretched. House prices have moved +0.1% year-on-year.
Cowes is a mid-sized suburb in Victoria within the Bass Coast local government area (postcode 3922). With a population of 6,593, the suburb has an older demographic with a median age of 55. Households earn a median income of $53K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Cowes is $801,000, having risen modestly 0.1% over the past year. Units have a median price of $446,000 (-24.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $1,550.
Cowes is served by 2 schools, including 2 primary. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 29 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
From an investment perspective, Cowes offers a gross rental yield of 2.9%, rated as low yield. Property prices are near the state median ($801K/$875K). The price-to-income ratio of 15.0x is considered stretched. House prices have moved +0.1% year-on-year.