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Coburg
AREA REPORTS

Coburg

Coburg - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3058

house
unit

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 5.81% growth over a ten-year period. It ranks 870th 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 11.86% for the past year, which is higher than average compared to its 42.76% growth within a five-year period.

With the median home price in COBURG sitting at $1,085,000, and the average rent at $550, property owners could potentially earn a 2.64% 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.

Data report can be found below

Coburg
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,085,000 $584,865
GROWTH REPORT
Median Quarterly 0.05% 0.54%
Median 12 month 11.86% 2.61%
Median 3 years 8.5% 24.44%
Median 5 years 42.76% 20.59%
10 years average annual 5.81% 3.41%
Weekly media advert. rent $550 $420
Time on Market 55.1 days 72.4 days
Gross Rental Yield Percent 2.64% 3.73%
demographics (median values)*
Total Population
33778
Weekly Household Income
1608
Household Size
2.60
Age
36
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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