Investment property in Coburg North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.95%
Comparing Coburg North,3058 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Coburg North is $771000, with sellers offering an average of -3.83% off the asking price.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 2.77%, without taking into account capital value appreciation, which has been averaging out at 10.10%.
If you compare the increase in value of investment property in Coburg North, 3058 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.00%.
Coburg North,3058 has offered an average of 10.00% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -6.79% to buyers in Coburg North at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.25%, investors should hope to achieve an overall return of 3.89%