Real Estate Cowes Vic 3922

Real Estate Market: Is Cowes VIC 3922 a Good Suburb to Buy Into?

Housing Market in Cowes

Key Cowes Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$498	Bottom 33%	31% to Dec 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Cowes

Cowes Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Development applications	34.4	Top 20%	78% to Jun 2025
Developments	0.2	Bottom 25%	Data for Jul 2023
Housing Stock Quality Indicator	53.7	Top 13%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	12 lots	Top 36%	500% to May 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	39	Top 1%	178% to Dec 2025

Housing Stock Quality in Cowes

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Latrobe	Trend
Houses	84.0%	Bottom 15%	4% to Jan 2021
Average bedrooms - all homes	2.1	Bottom 20%	4% to Jan 2021
NBN connection: fibreoptic cable to node	45.6%	Top 8%	Data for Jun 2023

Development Restrictions in Cowes

Cowes Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Latrobe	Trend
Total area	100.0 sq km	Top 11%	49% to Jan 2021
Heritage overlay total area	0.1 sq km	Top 30%	Data for Jun 2023
Residential density	15100 sqm per resident	Top 12%	67% to Jan 2021

Risk in Cowes

Cowes Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Latrobe	Trend
% Owner Occupied	80.9%	Bottom 18%	0% to May 2023
% Rentals	19.1%	Top 18%	2% to May 2023
Housing Affordability Index	50	Top 14%	Data for Jun 2023
Median monthly mortgage	$1,870	Bottom 46%	34% to May 2023
Rent Affordability Index (Houses)	77	Bottom 39%	Data for Jun 2023
Rent Affordability Index (Units)	71	Bottom 26%	Data for Jun 2023
Mortgage as a percent of income	34.7%	Top 8%	1% to Jan 2021
Mortgaged Dwellings	25.4%	Bottom 15%	9% to May 2023

Housing Demand in Cowes

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Field	Value	VS Latrobe	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	16700	Top 31%	21% to Dec 2036
Historical Population (SA3)	73700	Top 42%	43% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	43000	Top 29%	70% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Cowes

Cowes Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Capital Growth Forecast: Units	Premium	Premium	Premium
Capital Growth Forecast: Units (2-Year Outlook)	Premium	Premium	Premium
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$422	Bottom 43%	44% to Dec 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	73.5%	Top 36%	18% to Dec 2025

Median House Rental Prices by Street (28)

Street	Date	Median rent (per week)
Douglas Rd	06 Dec 2025	$322
Eagle Ave	06 Dec 2025	$596
Goodwood Dr	06 Dec 2025	$583
Elvington Ave	06 Dec 2025	$544
Boardwalk Bvd	06 Dec 2025	$581

Median House Sale Prices by Street (80)

Street	Date	Median sale value
Abingdon Ave	06 Dec 2025	$725,300
Albany Rd	06 Dec 2025	$830,100
Albert St	06 Dec 2025	$932,900
Alexander Ave	06 Dec 2025	$594,100
Anderson Rd	06 Dec 2025	$651,100

Accommodation Options (48)

Headline	Place	Datetime
Arthur Phillip Motor Inn	Thompson Ave
Butterfly House @ Phillip Island	30 Lansell Rd
Coachman Motel & Flats	51 Chapel St
Cottages For Two	228 Settelement Rd
Glen Isla House Pty Ltd	230 Church St

Realtors (5)

Headline	Place	Datetime
Collectables	150B Thompson Ave
First National Real Estate Phillip Island	60 Thompson Ave
OBrien Real Estate	52-54 Thompson Ave
Westernport Property Consultants	Level 1/ 75 Chapel St
Ray White Phillip Island	56-58 Thompson Ave

LGA Details (1)

Headline	Place	Datetime
Local government area	Bass Coast

Median Unit Sale Prices by Street (14)

Date	Median sale value	Street
06 Dec 2025	$341,200	Bass Ave
06 Dec 2025	$527,300	Chapel St
06 Dec 2025	$516,400	Church St
06 Dec 2025	$605,100	Elvington Ave
06 Dec 2025	$707,600	Jenner Ave

Planning Applications: Dwellings (7)

Headline	Place	Date
Subdivide 236 Settlement Road, Cowes 3922 into 2 lots. One lot containing an existing dwelling and the second lot to contain vacant land with an option for a S173 Agreement or restriction in lieu of construction. - Streamlined Planning through Electronic Applications and Referrals S249523M	236 Settlement Road, Cowes VIC 3922	30 May 2025
2 Lot Subdivision of an existing house at the rear (Lot 2) and a townhouse to be constructed at the front (Lot 1). (Subdivision certification & Statement of Compliance required PRIOR to construction of the townhouse on Lot 1, so please ensure relevant conditions such as Section 173 Agreement are included within the permit once issued) - Streamlined Planning through Electronic Applications and Referrals S242099M	262 Church Street, Cowes VIC 3922	20 Dec 2024
Three lot subdivision, development of three dwellings and vegetation removal, generally in accordance with attached plan - Streamlined Planning through Electronic Applications and Referrals S240497H	194 Settlement Road, Cowes VIC 3922	06 Dec 2024
Two lot subdivision, and development of a second dwelling, generally in accordance with the attached plans. - Streamlined Planning through Electronic Applications and Referrals S221805H	107 Justice Road, Cowes VIC 3922	16 Nov 2023
Two lot subdivision, second dwelling, and native vegetation removal (offsets), generally in accordance with the attached plans - Streamlined Planning through Electronic Applications and Referrals S212381T	175-179 Justice Road, Cowes VIC 3922	16 May 2023

Planning Applications: Other (23)

Headline	Place	Date
Creation of Carriageway Easement E-1 in favour of C/T Vol 1514 Fol 682. - Streamlined Planning through Electronic Applications and Referrals S218445B	6-12 Warley Avenue, Cowes VIC 3922	19 Sep 2023
Boundary realignment and removal of easements, generally in accordance with the attached plans. - Streamlined Planning through Electronic Applications and Referrals S207178T	192 Thompson Avenue, Cowes VIC 3922	27 Jan 2023
Transfer of Licence - Victorian Gambling and Casino Control Commission 40871A04	1805 Phillip Island Road, Cowes 3922, VIC	09 Sep 2022
App.Online - Transfer of licence to Company - Victorian Gambling and Casino Control Commission 57997A07	Shop 3, 16 The Esplanade, Cowes 3922, VIC	22 Aug 2022
Proposed realignment of boundaries - Streamlined Planning through Electronic Applications and Referrals S197772J	161 Thompson Avenue, Cowes VIC 3922	14 Jul 2022

Planning Applications: Industrial (1)

Headline	Place	Date
Proposed 9 lot subdivision with common property and associated works. This subdivision follows the approval by Council of Permit 180273 for 9 new factories on the land. New - Streamlined Planning through Electronic Applications and Referrals S180746E	13 Shorland Way, Cowes VIC 3922	23 Aug 2021

Percent of Renters by Street (100)

Percent of Renters	Street
0.0%	Abingdon Ave
0.0%	Acacia Cl
0.0%	Admiral Cl
6.4%	Albany Rd
0.0%	Albert St

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
53.6%	Beach St	quite tightly held	Every 18.6 years (quite tightly held)	2025
73.2%	Castle Combe Cct	average turnover	Every 13.7 years (average turnover)	2025
86.2%	Settlement Rd	high turnover	Every 11.6 years (high turnover)	2025
75.9%	Parrakoola Way	average turnover	Every 13.2 years (average turnover)	2025
68.7%	Church St	average turnover	Every 14.6 years (average turnover)	2025

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 309, 1 The Esp	$320,000	1.0	1.0		03 Dec 2025	On Market
23 Alexander Ave	$1,040,000	3.0	2.0	2.0	01 Dec 2025	On Market
107 Pembrey Loop	Price Withheld	4.0	2.0	2.0	29 Nov 2025	On Market
107 Pembrey Loop	$725,000	4.0	2.0	2.0	29 Nov 2025	On Market
28 Pasadena Dr	$740,000	3.0	2.0	2.0	26 Nov 2025	On Market

Businesses (73)

Name	Address
Beach House Construction PTY Ltd.	17 The Concourse, Cowes VIC 3922, Australia
Expanse Excavations	4 Sanctuary Dr, Cowes VIC 3922, Australia
Terrafirma excavations & Demolition	116 Gap Rd, Cowes VIC 3922, Australia
Weinz Excavations & Landscaping	98 Dunsmore Rd, Cowes VIC 3922, Australia
Royal Electrical	14 Kenwyn Ct, Cowes VIC 3922, Australia

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
1 Sunseeker Ct	$500	3	2		05 Dec 2025
145 Church St	$470	3	1	2	01 Dec 2025
145 Church St	$470	3	1	2	01 Dec 2025
36 Walton St	$580	5	2	3	24 Nov 2025
36 Walton St	$580	5	2	3	24 Nov 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 3, 5 Wyndham Ave	$457,000	2.0	1.0	1.0	21 Nov 2025	On Market
Unit 3, 5 Wyndham Ave	$457,000	2.0	1.0	1.0	21 Nov 2025	On Market
Unit 3, 5 Wyndham Ave	$457,000	2.0	1.0	1.0	21 Nov 2025	On Market
Unit 3, 5 Wyndham Ave	$457,000	2.0	1.0	1.0	21 Nov 2025	On Market
Unit 3, 5 Wyndham Ave	$457,000	2.0	1.0	1.0	21 Nov 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 5, 146 Thompson Ave	$430	2.0	1.0	1.0	07 Nov 2025
Unit 5, 146 Thompson Ave	$430	2.0	1.0	1.0	07 Nov 2025
Unit 5, 146 Thompson Ave	$430	2.0	1.0	1.0	07 Nov 2025
Unit 5, 146 Thompson Ave	$430	2.0	1.0	1.0	07 Nov 2025
Unit 5, 146 Thompson Ave	$415	2.0	1.0	1.0	07 Nov 2025

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