VIC has seen average median house prices change by 8.23% which means that Coburg, 3058 has done well for property investors by showing a capital gain of 9.59% over the last year
Coburg,3058 has offered an average of 9.59% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Coburg is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 453th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 23.92 sales per month, which equates to 287 per year.
Property investors who have had real estate in Coburg, 3058 should be ok 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 4.72%
While Coburg,3058 ranked number 54th in VIC for increase in median house value (annualised) increase, it is ranked 144th over the last 5 years.
Vendor discounting in Coburg is giving property investors an average Vendor Discount of around -5.18%. This puts suburb at number 154th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.02%, investors should hope to achieve an overall return of 3.91%