Suburb Profile Report for Coburg VIC (3058)

Coburg House: Median price $865,000, Annual capital growth 9.21%, Number of sales 292, Weekly median advertised rent $480

Coburg Unit: Median price $471,000, Annual capital growth 4.91%, Number of sales 132, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Coburg, 3058 have given investors a capital gain of 13.67%. This compares favourably with the 8.06% for VIC as a whole.

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.

The most recent median price for Coburg is $865000, with sellers offering an average of -5.86% off the asking price.

Using the current median advertised rental of $480 and the average annual increase in value of a median property of 9.21%, investors should hope to achieve an overall return of 2.89%

Property value increases in Coburg have tracked close to the VIC average of 3.11% over the last 12 months.

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.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coburg, 3058. Typically our figures indicate that -4.32% is being offered, which puts this VIC suburb at 997th most discounted overall in Australia.

Often selling an investment property can take time, and in Coburg the average time real estate has been on the market is 70.1 days.

The VIC suburb of Coburg, 3058 is in the Moreland local government area.

HOUSE UNIT
$865,000 $471,000
3.59% 0.21%
13.67% 3.52%
9.21% 4.91%
$480 $360
292 132
2.89% 3.97%
51.8 70.1

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 24976
Median household income ($/weekly) 1325
Median age of persons 35
Median housing loan repayment ($/monthly) 1954
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2487 10.0
    25-34 years 4709 18.9
    35-44 years 4234 17.0
    45-54 years 3083 12.3
    55-64 years 2194 8.8
    Others 8270 33.1
    Age Group
    Census Count Percent(%)
    Not Married 8874 46.5
    Registered Married 8358 43.8
    Defacto Relationship 1860 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 15053 64.1
    Hong Kong 826 3.5
    Japan 1710 7.3
    Malaysia 729 3.1
    Other 1361 5.8
    Others 3788 16.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 537 2.4
    Christianity 12998 57.2
    Hinduism 624 2.7
    Islam 2103 9.3
    No Religion 6208 27.3
    Others 250 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 820 10.1
    $1,250-$1,499 694 8.5
    $1,500-$1,999 1089 13.4
    $2,000-$2,499 847 10.4
    $2,500-$2,999 689 8.5
    Others 4012 49.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7308 37.7
    Not in the labour force 6714 34.6
    Employed, worked part-time 3806 19.6
    Employed, away from work 834 4.3
    Unemployed, looking for work 747 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 1373 11.5
    Professionals 3686 30.9
    Technicians & trades workers 1440 12.1
    Community & personal service workers 1056 8.8
    Clerical & administrative workers 1799 15.1
    Others 2593 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 418 7.3
    Infants/Primary 1587 27.6
    Secondary 1072 18.7
    Technical or Further Educational Institution 630 11.0
    University or other Tertiary Institutions 1795 31.2
    Others 244 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 18069 77.1
    Semi-detached, row or terrace house, townhouse 3093 13.2
    Flat, unit or apartment 2228 9.5
    House or flat attached to a shop, office 57 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3128 35.4
    Being purchased 2872 32.5
    Rented 2771 31.4
    Other tenure type 60 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals