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Coburg North
AREA REPORTS

Coburg North

Coburg North - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3058

house
unit

Property investors enjoyed capital gains of 11.36% over the last 12 months in COBURG NORTH, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.61% growth over a ten-year period. It ranks 1117th on our list of suburbs that property investors should look into.

COBURG NORTH, 3058 has a capital gain of 11.36% for the past year, which is higher than average compared to its 29.7% growth within a five-year period.

With the median home price in COBURG NORTH 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 NORTH are low, as opposed to average gains per annum over the past five years.

COBURG NORTH, 3058 in VIC belongs to the local government area of Moreland (C).

Data report can be found below

Coburg North
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,000,000 $697,500
GROWTH REPORT
Median Quarterly 1.27% 1.31%
Median 12 month 11.36% 8.48%
Median 3 years 27.39% 7.39%
Median 5 years 29.7% 31.85%
10 years average annual 7.61% 5.57%
Weekly media advert. rent $500 $420
Time on Market 40.4 days 58.2 days
Gross Rental Yield Percent 2.6% 3.13%
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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