Question 1

Is Cowell a nice place to live?

Accepted Answer

Cowell is a small coastal town on the sheltered waters of Franklin Harbour centred on a working harbour, long jetty and boat ramp, so daily life has a strong focus on fishing, boating and seafood. The foreshore and marina development has been completed and delivers a 32-berth marina, commercial and public facilities overlooking the water, an aquatic playground with waterslides, a basketball court and a large bouncy pillow. The town’s built form ranges from weatherboard cottages and modest brick homes to holiday shacks on roomy blocks, while the surrounding hinterland is productive with cropping and grazing and the shoreline features salt marshes and mudflats.

The community has 1,124 people and a median age of 53. The typical household earns $1,161 a week, which is about $60,372 a year.

Couple families without children are the largest group, making up 60.1% of families, roughly three in five. Couple families with children account for 28.2%, and together the two couple-family categories make up 88.3% of all families. One-parent families represent 10.0% and other families 1.7%.

Homes in Cowell are mostly owner-occupied, with 75.7% combined (49.4% owned outright and 26.3% owned with a mortgage), while 24.3% of dwellings are rented. Owner-occupiers therefore outnumber renters by roughly three to one.

Question 2

Is it expensive to live in Cowell?

Accepted Answer

There haven't been enough recent house or unit sales and rentals in Cowell to publish reliable current prices or rents. Because only the suburb's median household income as recorded at the most recent Census is available, it's not possible to say how expensive it is to live in Cowell compared with local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Cowell a good place to invest?

Accepted Answer

House values in Cowell fell 22.1% over the past 12 months, a sharp decline in the capital value of houses during the year. If capital growth is your focus, that drop in house values is the principal movement the figures show for this suburb.

There isn't enough recent data to report reliable changes for unit values or for rents, so the available information is limited to the movement in house values.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-22.1%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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