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 8.32% growth over a ten-year period. It ranks 340th on our list of suburbs that property investors should look into.
COBURG, 3058 in VIC belongs to the local government area of Moreland.
COBURG, 3058 has a capital gain of 14.94% for the past year, which is higher than average compared to its 73.31% growth within a five-year period.
With the median home price in COBURG sitting at $1,000,000, and the average rent at $500, property owners could potentially earn a 2.6% 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.
A steady increase in median property prices over a five-year period in COBURG, 3058 translates to a 12.72% capital gain.
Property investors enjoyed capital gains of 7.72% over the last 12 months in COBURG, translating to lower returns compared with its peers in VIC.
COBURG, 3058 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $511,750.
Profits due to an upward trend in home prices in COBURG, 3058 averaged 4.24% per annum over a 3-year period.
Home owners selling their properties and realtors in COBURG usually have to wait an average of 65.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $370 mark, reflecting a 3.76% increase in returns based on the current median price in COBURG.
COBURG, 3058 places 169th in Australia based on median property value growth during the quarter.