Giving property investors a a stable capital gain of 11.84% for the last year, Coburg North, 3058 is the 1297th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Coburg North,3058 has racked up an average of 11.84% over the period. This ranks it number 740th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Coburg North is $803000, with sellers offering an average of -4.53% off the asking price.
Giving property investors a an unimpressive capital gain of -2.24% for the last year, Coburg North, 3058 is the 1281th highest performer in Australia in this respect.
Over the longer term, Coburg North has seen property prices show investors a 16.22% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Coburg North itself are offering an average vendor discount of -9.03% to real estate investors.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.68%, without taking into account capital value appreciation, which has been averaging out at 7.12%.