Coburg North

POSTAL CODE: VIC, 3058
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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 5.12% growth over a ten-year period. It ranks 3132nd on our list of suburbs that property investors should look into.

COBURG NORTH, 3058 has a capital gain of -0.94% for the past year, which is lower than average compared to its 18.64% growth within a five-year period.

With the median home price in COBURG NORTH sitting at $1,050,000, and the average rent at $650, property owners could potentially earn a 3.22% 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.

Surburb overview

Coburg North is a suburb of Melbourne, Australia, located approximately 8 kilometres north of Melbourne's Central Business District. It is under the jurisdiction of the local government areas of Darebin and Merri-bek.

As of the 2021 census, Coburg North contributes to the broader Coburg area's 26,574 residents. The suburb exhibits a diverse demographic profile, with 67.1% of its inhabitants born in Australia. Significant communities from Italy (4.4%), Greece (2.6%), England (2.3%), Lebanon (2.2%), and Nepal (1.9%) also reside in the area. English is the predominant language spoken at home by 65.3% of residents, followed by Italian (6.8%), Greek (5.5%), Arabic (5.3%), Mandarin (2.0%), and Nepali (1.9%).

Public transportation in Coburg North is well-developed, offering residents multiple options. The Upfield railway line serves the suburb, with stations such as Batman and Merlynston nearby. Additionally, tram route 19 traverses Sydney Road, connecting Coburg North to Melbourne's city centre. Several bus routes enhance connectivity, including the 526 (Coburg to Reservoir via Elizabeth Street) and the 527 (Gowrie to Northland via Murray Road).

Essential establishments are readily accessible to Coburg North residents. The suburb hosts various medical centres, such as the North Coburg Medical Centre at Level 1, 11 Orvieto Street. Local shopping precincts meet retail needs along Sydney Road, which feature supermarkets, specialty stores, and dining options.

Recreational activities are abundant in Coburg North. The Merri Creek Trail offers opportunities for walking and cycling along the scenic Merri Creek. Parks and green spaces provide venues for sports and leisure activities. The suburb is also home to various sports clubs catering to various athletic interests, including those for Australian rules football, cricket, and soccer.

In terms of educational facilities, Coburg North offers several options. The suburb has government primary schools, including Coburg North Primary School, and private institutions, such as the Australian International Academy, which provides primary and secondary education. These institutions contribute to the educational development of the community.

Coburg North presents a well-rounded suburban environment, blending cultural diversity, accessible amenities, and recreational opportunities. These contribute to its appeal as a residential area in Melbourne's northern suburbs.

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