Investment property in Coburg has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.33%
While Coburg,3058 ranked number 161th in VIC for increase in median house value (annualised) increase, it is ranked 154th over the last 5 years.
Sellers are offering property buyers an average discount of -4.81% to buyers in Coburg at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $470 mark per week – giving a return of 2.95% based on the median price in Suburb
With a capital gain of 4.72% for the last 12 months, Coburg, 3058 has performed for property investments than its average annual 5.68% property growth over the last 5 years.
The five-year average increase in median property values for Coburg,3058 has given property investors a potential capital gain of 16.50% across each of those five years.
Coburg, 3058 is offering VIC ‘s 172th 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.