Livability Index
94.2
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Population: 6018

House Growth Prediction (per annual): NA, NAth out of 5061

Unit Growth Prediction (per annual): NA, NAth out of 2987

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Basics

Cobram is a local community with population 6,018, and the population growth over the past decade is 15.6%. It has an average income $36,518 per annum. It has 82.7% of population who only speak English at home. Other top languages include Italian, Arabic, Punjabi, Filipino, Cantonese. Unemployment rate in Cobram is 6.1% while people work as professionals is 10.4%. Cobram has 0 Coles stores and 0 Woolworth stores. Its population density is 46.06 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Cobram has Socio-Economic raw score 888 while the average score across Australia is 1000. Therefore, Cobram has disadvantage in terms of Socio-Economic measure. It obtains relative score 11 out of 100 across Australia, while relative score 6 out of 100 within VIC. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Cobram has a livability index NA, which is NA than average 100 across Australia. It ranks NAth out of 8,530 suburbs across Australia. Therefore, it is a suburb NA livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 6% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Cobram has a higher than average growth expectation. It ranks 1,660th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Unlike house, unit/flat/apartment in Cobram is predicted to grow by 2.1% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Cobram has a lower than average growth. It ranks 1,514th out of 8,530 suburbs in Australia, which is predicted to be not attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school contribute to the attractiveness of Cobram, which obtains score of 97.3 out of 100 within VIC based on local primary school student exam performance. Similar to primary school, secondary public school contribute to the attractiveness of Cobram, which obtains score of 81.3 out of 100 within VIC based on local secondary school student exam performance. Considering the background of students in primary school, Cobram has a worse than average score, which is 26.1 out of 100. Unlike to primary school, secondary school has better than average score, which is 50.7 out of 100.

Review

Review Cobram, VIC

 

Cobram, VIC smart rating was calculated by GeoIndex Australia.

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