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ABS 2021 Census · Updated 21 May 2026
The Cove is a regional centre in Victoria, Australia, with a population of approximately 18, making it a boutique locality. Located approximately 212 km from the Melbourne CBD, The Cove is a regional area in Victoria. The median household income is $116,948 per year.
Above-average earnings in The Cove support sustained property values. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Official Australia Post postcode for The Cove. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near The Cove on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
The Cove is a smaller community of 18 — about 0% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $116,948/year runs 23% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. The median weekly rent of $100 translates to approximately $5,200/year in gross rental income, setting the upper bound on yield before vacancy, rates, insurance and maintenance. The Cove is 212 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Separate houses make up 180% of dwellings — 102 percentage points above the Victoria median of 78% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.
How The Cove stacks up against the median of all Victoria suburbs in our dataset. Positive values mean The Cove sits above the state median; negative means below.
| Metric | The Cove | VIC median | Δ vs state |
|---|---|---|---|
| Population | 18 | 7,416 | -100% |
| Median household income | $116,948/yr | $95,160/yr | +23% |
| Median rent (weekly) | $100 | $380 | -74% |
| Distance to CBD | 212 km | 32 km | +563% |
| Separate houses | 180% | 78% | +102pp |
Pre-inspection briefing for The Cove — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 18 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Gross rent of $100/week (~$5,200/year) sets the yield ceiling. Cross-check against your purchase price to confirm whether this suburb hits the 4–5% gross yield most Australian investors target.
With 180% houses in a 18-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a The Cove property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for The Cove are modest for 2026 — incomes 23% above the VIC median of $95,160 and a population of 18 suggest gains will lag headline metro markets. Rents sit around $100/week, setting the baseline gross rental income at roughly $5,200/year — refine this against current listings before running your numbers. The EquitySight investment score of 49/100 places The Cove in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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The Cove scores 49/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 18, median household income of $116,948/year and median weekly rent of $100. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in The Cove are an above-state-median household income of $116,948/year, a dwelling mix that is 180% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
The Cove has a usual resident population of approximately 18, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
The Cove sits 212 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $100 in The Cove, equating to approximately $5,200/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
A reliable median mortgage figure was not captured for The Cove. Use our loan serviceability calculator to estimate a realistic monthly repayment for your target purchase price and deposit.
Census data was not complete enough in The Cove to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.
The main risks are a thin buyer pool (18 residents), interest-rate sensitivity, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.