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Bass Coast Shire

Cowes

Cowes Property Market
& Suburb Profile

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MEDIAN PRICES IN COWES

Median house price

(all agencies, last 12 months)$703k*

House price change

(all agencies, last 12 months)-8.1%

Median unit price

(all agencies, last 12 months)$620k*

Unit price change

(all agencies, last 12 months)-0.8%

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

COWES price TRACKER

HousesUnits

Cowes 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)99

Average days on market (units)

(all agencies, 12 months)99

Average held period in Cowes

(proptrack)11 years

Cowes Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$497pw

House rental price change

(all agencies, last 12 months)0.01%

Median rental price for Units

(all agencies, last 12 months)$429pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.93%

Average rental yield for Units

(all agencies, last 12 months)4.32%

Cowes total population size

(as at the last census)6,593

Median household size in Cowes

(as at the last census)2.1

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

Cowes property types

  • Houses 53%
  • Units 14%
  • Other 33%

OCCUPANCY in Cowes

  • Owned 68%
  • Rented 26%
  • Other/Not Stated 6%
  • Singles 35%
  • Families 63%
  • Other 2%

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About Cowes

Cowes is the vibrant main township and commercial hub of Phillip Island, offering a relaxed yet bustling seaside holiday atmosphere. Located approximately two hours' drive from Melbourne on the northern coast of the island, it is renowned for having one of Victoria's few north-facing beaches, Cowes Beach, which provides sheltered, family-friendly conditions for swimming.

The heart of the town is Thompson Avenue, a picturesque, cypress-tree-lined main street leading directly to the waterfront, hosting a wide array of cafes, restaurants, boutique shops, and essential services.

As the primary destination on the island, Cowes serves as an ideal base for exploring Phillip Island's famous natural attractions, including the Penguin Parade, Koala Conservation Centre, and the Grand Prix Circuit.

Whether you're seeking a permanent coastal residence or a dynamic holiday retreat, Cowes offers a lively community feel, diverse accommodation options, and stunning views across Western Port Bay.

Education

Cowes Primary School
Our Lady Star of the Sea Catholic Primary School
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Sales Comparison

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

Cowes MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025237$661,500-8.10%193$463pw4.12%
2024215$690,000-4.46%217$460pw3.77%
2023190$695,000-4.85%203$441pw3.54%
2022233$731,00010.00%164$428pw3.42%
2021390$652,50032.74%148$406pw3.20%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025237$661,500-8.10%
2024215$690,000-4.46%
2023190$695,000-4.85%
2022233$731,000+10.00%
2021390$652,500+32.74%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025193$463pw4.12%
2024217$460pw3.77%
2023203$441pw3.54%
2022164$428pw3.42%
2021148$406pw3.20%

PROUDLY SERVICING Cowes

Barry Plant
Phillip Island

  • Our other local offices include:
  • San Remo

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NEWS & INSIGHTS

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*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.