Over the last year, property investments in Coburg, 3058 have given investors a capital gain of 14.94%. This compares favourably with the 8.96% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coburg has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Coburg, 3058. Typically our figures indicate that -5.38% is being offered, which puts this VIC suburb at 2248th most discounted overall in Australia.
The VIC suburb of Coburg, 3058 is in the Moreland local government area.
Coburg has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.33% to date .
Over the longer term, Coburg has seen property prices show investors a 13.12% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Coburg should be aiming for at least -3.90% off the asking price, which is the average vendor discount being achieved at the moment.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 4.47%.