Victoria's Cobram tops rental yields for units: CoreLogic RP Data
The Victorian town of Cobram tops CoreLogic RP Data's latest list for median gross yields for units at 7 percent.
Its yield sits considerably higher than the national average of 4.63 percent.
Property Observer profiles Cobram from a rental perspective.
The median sale price of a unit in Cobram was $170,000, compared with a national average of $438,000, over the last 12 months, according to the data.
The median price change over one year was 5.26 percent.
median rent for units was $230pw in Cobram against a national average of $390.
Property Observer looked up a few units around the median range available for renting around the median for Cobram on www.realestate.com.au.
1. A two-bedroom unit at 2/91 High Street Cobram Vic 3644 is available for $210 per week. Last traded price $110,000 in 1992, according to CoreLogic RP Data.
2. A two-bedroom unit at 5/69 Campbell Road Cobram is available for a rent of $240 per week.