Property investors who have had real estate in Coburg North, 3058 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.61%
A 48.37% growth in median value for property investors in Coburg North,3058 puts this suburb at number 104th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Coburg North itself are offering an average vendor discount of -4.37% to real estate investors.
On average over the past year, suburb has had 7.50 sales per month, which equates to 90 per year.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Investment property in Coburg North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.80%
Over the longer term, Coburg North has seen property prices show investors a 18.05% return over the last 3 years. This is worse than over the last 12 months
Coburg North3058 is located in VIC which offers an average discount of -5.12% to property investors. Coburg North itself is showing figures that indicate -6.79% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.