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	$522	Bottom 32%	25% to Mar 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

Cowes

37.9%

Latrobe

33.6%

Compare
Suburbs

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	69	Top 1%	331% to Feb 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

Cowes

25.5%

Latrobe

30.6%

Compare
Suburbs

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

Cowes

45.3

Latrobe

36.1

Compare
Suburbs

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

Cowes

59.0%

Latrobe

55.8%

Compare
Suburbs

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
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$436	Bottom 40%	12% to Feb 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	72.9%	Bottom 48%	19% to Mar 2025

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
Ray White Phillip Island	56-58 Thompson Ave
Westernport Property Consultants	Level 1/ 75 Chapel St

Median House Rental Prices by Street (47)

Level_0	Street	Date	Median rent (per week)
106272	Eagle Ave	13 Mar 2025	$560
106287	Elvington Ave	13 Mar 2025	$535
106407	Irving Rd	13 Mar 2025	$575
106431	Koala St	13 Mar 2025	$450
106349	Grampian Bvd	13 Mar 2025	$520

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Abingdon Ave	31 May 2024	681800.0
Phillip Island Rd	10 May 2024	$297,500
Raywood Ave	10 May 2024	$590,000
Shamrock Ave	25 Apr 2024	$732,500
Birdwood Ave	25 Apr 2024	$722,500

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$494,500	Echidna Gr
10 May 2024	$646,500	Birdwood Ave
10 May 2024	$535,800	Justice Rd
10 May 2024	$359,000	Findlay St
10 May 2024	$487,500	Firetail Gr

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
75.0%	Wonga Ln	average turnover	Every 13.3 years (average turnover)	2025
70.0%	Echidna Gr	average turnover	Every 14.3 years (average turnover)	2025
71.5%	Church St	average turnover	Every 14.0 years (average turnover)	2025
136.7%	Grampian Bvd	very high turnover	Every 7.3 years (very high turnover)	2025
86.6%	Settlement Rd	average turnover	Every 11.5 years (average turnover)	2025

Percent of Renters by Street (100)

Percent of Renters	Street
0.0%	Abingdon Ave
32.7%	Alpha Ct
0.0%	Amanda Cl
0.0%	Acacia Cl
20.0%	Anderson Rd

LGA Details (1)

Headline	Place	Datetime
Local government area	Bass Coast

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
Concrete Pumping Phillip Island	Cowes VIC 3922, Australia

Planning Applications: Dwellings (6)

Headline	Place	Date
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
Proposed 2 lot subdivision with common property and associated works. This subdivision follows the approval by Council of Permit 180069 for 2 new dwellings on the land. Accordingly, we request Council waive the requirements of Clause 56 - Streamlined Planning through Electronic Applications and Referrals S190770A	11 Wyndham Avenue, Cowes VIC 3922	07 Mar 2022

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

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
530 Settlement Rd	$620,000	3.0	1.0	1.0	07 Mar 2025	On Market
6 Boobook Gr	$813,000	3.0	2.0	2.0	06 Mar 2025	On Market
35a Plover St	$590,000	3.0	2.0	4.0	06 Mar 2025	On Market
263 Settlement Rd	$576,000	2.0	1.0	1.0	06 Mar 2025	On Market
50 Goodwood Dr	Price Withheld	4.0	2.0	2.0	04 Mar 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 1, 5 Wonga Ln	$420	2.0	1.0	1.0	18 Feb 2025
Unit 1, 5 Wonga Ln	$420	2.0	1.0	1.0	18 Feb 2025
Unit 1, 5 Wonga Ln	$420	2.0	1.0	1.0	18 Feb 2025
Unit 1, 5 Wonga Ln	$420	2.0	1.0	1.0	18 Feb 2025
Unit 1, 5 Wonga Ln	$420	2.0	1.0	1.0	18 Feb 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
26 Grampian Bvd	$495	3	2	2	03 Mar 2025
26 Grampian Bvd	$495	3	2	2	03 Mar 2025
19 Norman Dr	$520	4	2	2	28 Feb 2025
19 Norman Dr	$520	4	2	2	28 Feb 2025
19 Norman Dr	$520	4	2	2	28 Feb 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 5, 26 Douglas Rd	$538,000	2.0	1.0	2.0	11 Mar 2025	On Market
10 Silverstone Dr	$985,000	4.0	2.0		26 Feb 2025	On Market
Unit 16, 7 Beach St	$790,000	4.0	2.0	2.0	26 Feb 2025	On Market
Unit 16, 7 Beach St	Price Withheld	4.0	2.0	2.0	26 Feb 2025	On Market
Unit 16, 7 Beach St	$790,000	4.0	2.0	2.0	26 Feb 2025	On Market