Cobblebank

Cobblebank, a relatively new and developing suburb in Melbourne, is located in the City of Melton, about 40 km west of Melbourne’s Central Business District. It’s part of the broader growth corridor in Melbourne’s western suburbs, known for its modern planning and family-friendly environment.

Demographic Profile

• Population: According to the 2021 census, the population of Cobblebank was 3,601.
• Predominant Age Group: The suburb attracts predominantly young families, with a substantial presence of the 20-40 age group.
• Median Household Income: As a developing suburb, the income levels are diverse but generally align with the broader Melton area.
• Occupancy: A mix of homeowners and renters, with many new housing developments.

Real Estate and Growth

• Median House Prices: In Cobblebank, the median house price is around AUD 500,000, reflecting its status as a developing suburb.
• Median Unit Prices: Units, although less common, average around AUD 400,000.
• Rental Market: The median house rent is approximately AUD 380 per week, while units are slightly less.
• Market Trends: The suburb is witnessing rapid growth and development, making it an appealing option for first-home buyers and investors.

Education and Lifestyle

• Schools: New and upcoming educational facilities, including primary and secondary schools, are being developed to accommodate the growing population.
• Local Vibe: Cobblebank is characterized by its modern infrastructure, focusing on community and family living.
• Community Insights: Known for its affordability, open spaces, and new amenities, it is attractive for young families and those seeking a suburban lifestyle.

Transportation

• Public Transport: Cobblebank is served by the newly opened Cobblebank railway station, enhancing its connectivity to Melbourne CBD and surrounding suburbs.
• Accessibility: Good road connectivity to major highways and freeways.

Notable Features

• Proximity to Amenities: The suburb is near the newly developed Cobblebank Village and other shopping centres, offering various retail and dining options.
• Recreational Areas: Features multiple parks and open spaces, catering to the outdoor and recreational needs of its residents.

Cobblebank represents the evolving face of Melbourne’s western suburbs. With its affordable housing, new infrastructure, and family-oriented community, it is quickly becoming popular for those seeking a suburban lifestyle with modern conveniences. The ongoing development and growth in the area also present opportunities for investment and future appreciation in property values.