Suburb Profile Report for Coburg VIC (3058)

Coburg House: Median price $950,000, Annual capital growth 9.00%, Number of sales 263, Weekly median advertised rent $500

Coburg Unit: Median price $485,000, Annual capital growth 3.67%, Number of sales 156, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

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 14.46%

The five-year average increase in median property values for Coburg,3058 has given property investors a potential capital gain of 65.43% across each of those five years.

Our latest figures would indicate that property sellers in Coburg are currently offering property investors an average price cut of -2.76% below the asking price at the moment.

Coburg is 418th on a list of best yielding suburbs for rents in VIC with a 2.74% return

VIC has seen average median house prices change by 5.66% which means that Coburg, 3058 has done well for property investors by showing a capital gain of 2.63% over the last year

If we look at median property appreciation over just the last three months, Coburg has given property investors a paper return of 0.83%. This puts Suburb as 218 on a list of fastest fasting appreciating suburbs in VIC

Sellers are offering property buyers an average discount of -4.29% to buyers in Coburg at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $370 mark per week – giving a return of 3.97% based on the median price in Suburb

Metrics i HOUSE UNIT
$950,000 $485,000
3.26% 0.83%
14.46% 2.63%
9.00% 3.67%
$500 $370
263 156
2.74% 3.97%
37.12 66.5

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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
Chart Table
Recent sales & rentals