Over the last year, property investments in Coburg, 3058 have given investors a capital gain of 14.65%. This compares favourably with the 9.04% for VIC as a whole.
While Coburg,3058 ranked number 259th in VIC for increase in median house value (annualised) increase, it is ranked 146th over the last 5 years.
Sellers are offering property buyers an average discount of -5.83% to buyers in Coburg at the moment, which is less than average for the rest of VIC.
At number 418 in a list of fastest selling suburbs, Coburg is in the TOP 20% of suburbs in Australia with an average of days on market 44.9 for properties listed there.
Using the current median advertised rental of $485 and the average annual increase in value of a median property of 9.40%, investors should hope to achieve an overall return of 2.80%
With a capital gain of 0.00% for the last 12 months, Coburg, 3058 has performed for property investments than its average annual 4.35% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Coburg has given property investors a paper return of 0.00%. This puts Suburb as 231 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Coburg is offering property investors an average of -5.03. This rate of discount on properties puts Suburb at number 233th in terms of most discounted suburbs in VIC
In the last year 146 properties changed hands in Coburg, which puts it as the 51th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.