At number 3204th in the list of Australian suburbs ordered by increase in median house value over the last year, Coburg North, 3058 is in the BOTTOM 30% with a property value increase of 4.74% recorded in median house prices.
The five-year average increase in median property values for Coburg North,3058 has given property investors a potential capital gain of 34.89% across each of those five years.
Advertised rents are around the $480 mark per week – giving a return of 2.80% based on the median price in Suburb
If you compare the increase in value of investment property in Coburg North, 3058 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.23%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coburg North has increased when compared to the 5 year average annual rate.
Situated 9.90km from the CBD, Coburg North is one of Moreland (C) localities in the postcode 3058.