At number 616th in the list of Australian suburbs ordered by increase in median house value over the last year, Coburg, 3058 is in the top 20% with a property value increase of 14.32% recorded in median house prices.
The five-year average increase in median property values for Coburg,3058 has given property investors a potential capital gain of 47.46% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Coburg itself are offering an average vendor discount of -5.86% to real estate investors.
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 0.86%
Across a shorter period, Coburg, 3058 has seen a median price increase of 0.32% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Coburg is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 192th in terms of most discounted suburbs in VIC
Advertised rents are around the $360 mark per week – giving a return of 3.98% based on the median price in Suburb