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City of Melton

Cobblebank

Cobblebank Property Market
& Suburb Profile

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MEDIAN PRICES IN COBBLEBANK

Median house price

(all agencies, last 12 months)$628k*

House price change

(all agencies, last 12 months)-0.4%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

COBBLEBANK price TRACKER

Houses0

Cobblebank sales overview

  • Sold by Private Sale or Other Method 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)43

Average held period in Cobblebank

(proptrack)3 years

Cobblebank Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$475pw

Median rental price for Units

(all agencies, last 12 months)$419pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.89%

Average rental yield for Units

(all agencies, last 12 months)4.83%

Cobblebank total population size

(as at the last census)3,601

Median household size in Cobblebank

(as at the last census)3.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Cobblebank property types

  • Houses 66%
  • Other 34%

OCCUPANCY in Cobblebank

  • Owned 65%
  • Rented 33%
  • Other/Not Stated 2%
  • Singles 12%
  • Families 86%
  • Other 2%

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About Cobblebank

Cobblebank is a rapidly emerging and strategically important suburb, located approximately 33 to 40 kilometres west of the Melbourne CBD, offering a modern, family-focused lifestyle at the heart of the City of Melton’s growth corridor and appealing strongly to young professionals and first-home buyers.

The suburb is defined by large-scale, master-planned residential estates like Atherstone and Robinsons Rise, featuring quality-built housing and abundant green reserves and parklands, contributing to a vibrant, culturally diverse, and young working-age community.

Connectivity is exceptional for commuters, as the suburb boasts a dedicated Cobblebank Train Station on the Ballarat line, providing a direct rail link to Southern Cross Station, complemented by immediate vehicular access to the Western Freeway for a straightforward drive into the city or to nearby employment hubs like the Western BACE business park.

Local amenity is robust and expanding, centred around the Cobblebank Village Shopping Centre, which features a Coles supermarket and specialty stores, while residents also benefit from the state-of-the-art Cobblebank Sports Stadium and a planned $900 million New Melton Hospital scheduled for completion in 2029, which will establish the area as a major health and activity centre.

Education is well-supported with new schools, including Strathtulloh Primary School and the new St. Francis Catholic College Cobblebank Campus, ensuring comprehensive educational options are available for the substantial family demographic.

For investors, Cobblebank represents a dynamic and highly attractive market, driven by its superb infrastructure investment, strategic transport link, and consistent demand from families for modern, well-connected living.

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Sales Comparison

Find out how Cobblebank median sales prices compare to neighbouring suburbs.

Cobblebank MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025102$313,750-0.40%182$447pw4.36%
202481$541,750-1.61%172$445pw4.54%
202375$543,2500.22%175$424pw4.32%
202270$322,50014.16%144$385pw3.96%
202194$510,00010.78%160$348pw3.61%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025102$313,750-0.40%
202481$541,750-1.61%
202375$543,250+0.22%
202270$322,500+14.16%
202194$510,000+10.78%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025182$447pw4.36%
2024172$445pw4.54%
2023175$424pw4.32%
2022144$385pw3.96%
2021160$348pw3.61%

PROUDLY SERVICING Cobblebank

NEWS & INSIGHTS

Your Guide to Victoria's Upcoming Rental Reforms: What You Need to Know

Five things to consider when choosing an investment property

Handy tips for the first home buyer

*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.