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%