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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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CoburgCoburg - SUBURB PROFILE REPORT
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Based on its average 5-year and quarterly capital gains COBURG, 3058 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that COBURG, 3058 obtained a 6.67% growth over a ten-year period. It ranks 1199th on our list of suburbs that property investors should look into.
COBURG, 3058 in VIC belongs to the local government area of Moreland (C).
COBURG, 3058 has a capital gain of 9.52% for the past year, which is higher than average compared to its 43.75% growth within a five-year period.
With the median home price in COBURG sitting at $1,150,000, and the average rent at $530, property owners could potentially earn a 2.4% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in COBURG are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,150,000 | $628,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.02% | 16.3% |
| Median 12 month | 9.52% | 16.3% |
| Median 3 years | 19.48% | 24.98% |
| Median 5 years | 43.75% | 32.47% |
| 10 years average annual | 6.67% | 4.55% |
| Weekly media advert. rent | $530 | $410 |
| Time on Market | 60.7 days | 59.2 days |
| Gross Rental Yield Percent | 2.4% | 3.39% |
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