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