Suburb Profile Report for Coburg VIC (3058)

Coburg House: Median price $920,000, Annual capital growth 9.51%, Number of sales 288, Weekly median advertised rent $495

Coburg Unit: Median price $481,000, Annual capital growth 4.45%, Number of sales 152, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 652th 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 15.72% recorded in median house prices.

Coburg,3058 was ranked 817 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Coburg should be aiming for at least -5.19% off the asking price, which is the average vendor discount being achieved at the moment.

With a capital gain of 2.34% for the last 12 months, Coburg, 3058 has performed for property investments than its average annual 4.45% property growth over the last 5 years.

While Coburg,3058 ranked number 144th in VIC for increase in median house value (annualised) increase, it is ranked 190th over the last 5 years.

Our latest figures would indicate that property sellers in Coburg are currently offering property investors an average price cut of -4.08% below the asking price at the moment.

In the last year 152 properties changed hands in Coburg, which puts it as the 51th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Coburg being $481000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.89%

Metrics i HOUSE UNIT
$920,000 $481,000
5.12% 2.12%
15.72% 2.34%
9.51% 4.45%
$495 $360
288 152
2.80% 3.89%
44.1 68.1

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
Find a mortgage broker in Coburg VIC
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
Chart Table
Recent sales & rentals