Investment property in Coburg 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 13.73%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coburg has increased when compared to the 5 year average annual rate.
Coburg, 3058 is offering VIC ‘s 267th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Residents and property investors in Coburg have been waiting around 50.08 days to sell a property.
Situated 7.67km from the CBD, Coburg is one of Moreland localities in the postcode 3058.
Over the last year, property investments in Coburg, 3058 have given investors a capital gain of -0.43%. This compares badly with the 2.98% for VIC as a whole.
Across a shorter period, Coburg, 3058 has seen a median price increase of 0.64% over the last quarter.
Property investors looking for a bargain in Coburg should be aiming for at least -4.23% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 136 properties changed hands in Coburg, which puts it as the 56th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.