How Much is My Home Worth in Cowes?
The median price for a house in Cowes is $530,000 as of February 5, 2020. A median-priced unit is $430,000. There have been 186 houses and 56 units sold this year. Of the house sales, 90 were three bedrooms. It takes on average 118 days to sell a house and 117 days to sell a unit. The annual capital growth for homes is 5.89% and units is 4.18%. The 12-month capital growth is 5.69% on houses and 3.36% for units.
The Demand to Supply Ratio or DSR rating puts homes and units as above average. Effectively the market is saying there are more buyers than sellers. Vendors are more often than not getting their asking price. If you were to purchase or invest in a property in Cowes the capital growth should stay ahead of the national average.
House prices and rent returns in Cowes.
- 2 bedroom home $415,000 Rent per week $280
- 3 bedroom home $505,000 Rent per week $340
- 4 bedroom home $630,000 Rent per week $400
Unit prices and rent returns in Cowes.
- 2 bedroom unit $297,500 Rent per week $280
- 3 bedroom unit $454,000 Rent per week $370
The gross rental yield for houses is 3.70% and 4.24% for units in Cowes.
Free Real Estate Appraisal Cowes
Are you going to sell your home? Do you want to know the market price for your house or unit? Our real estate agents provide free property appraisals on units, apartments, land and houses. We determine the property price based on its location to shops, schools and public transport. We also take into account recent sales history. Our appraisers will deliver a fast and accurate value of your home and what you can expect as an offer in today’s property climate.
Free Rental Appraisal Cowes
Do you want to rent your home and need a property manager? Or, do you own an investment property and need a rental manager? The O’Brien Real Estate Group manage over 3500 homes in Melbourne. Our rental appraisers will provide a free estimation on your expected weekly rent return. We will discuss with the owner the length of the lease and who they prefer renting their home. We manage the rent collection, routine inspections, maintenance and tax accounting. We have a large database of tenants wanting to rent now.
Property Valuation Cowes
Did you know there is a difference between a property valuation and an appraisal? If, for legal reasons you require a valuation then you have to engage the services of a registered valuer. This service will come with a fee. An appraisal can be performed by any licensed real estate agent.
Cowes, Phillip Island
Lifestyle in Cowes
Cowes is located on Phillip Island. There is one road onto the island from the San Remo bridge. You can also take the passenger ferry fom Stony Point. The population is around 5000. Annually the MotoGP tour hold a round at the famous Phillip Island Grand Prix circuit. The town of Cowes has multiple restaurants and cafes that run along Thompson Avenue. You can walk or fish off the Cowes Pier or swim in the ocean.
Schools in Cowes
There are 3 schools in Cowes.
- Cowes Primary School Co-educational
- Our Lady Star of the Sea Primary School Co-educational
- Phillip Island Early Learning Centre Child Care