Cowes at a glance
7,858
People
$711,250
Median sale
$508/wk
Median rent
3.71%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
$812,000
Last sold
3 Aug 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
656 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$812,000
3 Aug 2026 · derived via latest_sale
Local land rate: recorded House sales in Cowes (last 5 years) with land size have a median of $1,193/m² of land (n=52). Districts calculation from recorded sales — not a valuation.
Cowes at a glance
7,858
People
$711,250
Median sale
$508/wk
Median rent
3.71%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
Vs Cowes
+14.2%
Median sale
Suburb $711,250
-0.46 pp
Gross yield
Suburb 3.71%
Suburb median $711,250 from 82 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $508/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Cowes at a glance
7,858
People
$711,250
Median sale
$508/wk
Median rent
3.71%
Suburb gross yield
Median sale from 82 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gr8 Est8 AgentsCoastal Elegance in the Heart of Cowes
SELLING FULLY FURNISHED!
38 Koala Street, Cowes – Phillip Island
Welcome to a home that perfectly captures the relaxed charm and lifestyle appeal of Phillip Island. Positioned in a sought-after pocket of Cowes, this beautifully presented four-bedroom, two-bathroom residence with double garage offers the ideal balance of comfort, space, and coastal sophistication.
Whether you are searching for a luxurious holiday retreat, a high-performing investment property, or the perfect place to retire and embrace the seaside lifestyle, this home delivers exceptional flexibility and long-term appeal.
Thoughtfully Designed for Modern Living
From the moment you step inside, you are welcomed by light-filled interiors and a spacious open-plan layout designed for effortless living and entertaining.
The Heart of the Home
The contemporary kitchen is both stylish and functional, featuring:
Sleek stone benchtops
Quality appliances including oven and cooktop
Ample cabinetry and storage
Generous preparation space
Seamless connection to the living and dining areas
Perfect for hosting family gatherings, summer dinners, or relaxed evenings after a day at the beach.
Comfort & Accommodation
The master suite is privately positioned and offers:
Spacious bedroom retreat
Modern ensuite with shower
Generous walk-in robe
The additional three bedrooms are well-proportioned and ideal for children, guests, or extended family. These rooms are serviced by a central bathroom complete with:
Full-size bathtub
Separate shower
Quality fittings and finishes
The practical floorplan ensures privacy while maintaining open, connected living spaces.
Outdoor & Lifestyle Appeal
Step outside and enjoy the coastal atmosphere that Cowes is renowned for. The home is positioned within walking distance to:
Cowes Beach
Local cafés and restaurants
Supermarkets and specialty shops
Public transport
Schools and essential amenities
Just a short drive away you’ll find:
Phillip Island Golf Course
The iconic Penguin Parade
Marina precinct
Scenic coastal walking tracks
Imagine evenings spent watching the sunset over the water, weekend brunches at local cafés, or hosting friends after a day exploring the island.
The Perfect Opportunity
This property offers outstanding versatility:
✔ A relaxing holiday home to enjoy year-round
✔ A strong short-term rental investment opportunity
✔ A long-term family residence near the beach
✔ An ideal downsizing option for retirees seeking lifestyle and convenience
Cowes continues to be one of Victoria’s most desirable coastal destinations, combining natural beauty with vibrant local amenities — making this home both a lifestyle purchase and a smart investment.
Coastal Living Starts Here
38 Koala Street presents an opportunity to secure a spacious, modern home in a premium Phillip Island location where everything is at your doorstep.
Homes of this quality and position rarely last long.
All the hard work has been done so make sure you add this to your list as it wont last!!!
Call Team Leo 0434 929 184
PHOTO ID IS REQUIRED ON ALL INSPECTIONS
“Selling? Get Gr8. Get SOLD! Trustworthy – Transparent – Proven Results
*All information contained therein is gathered from relevant third party sources. We cannot guarantee or give any warranty about the information provided.
Listing description written by Leo Zeneli, Gr8 Est8 Agents — reproduced as published, not verified by Districts.