Investment property in Coburg North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.50%
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.
Sellers are offering property buyers an average discount of -4.95% to buyers in Coburg North at the moment, which is less than average for the rest of VIC.
In the last year 73 properties changed hands in Coburg North, which puts it as the 342th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Coburg North, 3058 is in the Moreland local government area.
If you compare the increase in value of investment property in Coburg North, 3058 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.72%.
Taking the average capital gain, or increase in median house value, Coburg North,3058 has racked up an average of 4.72% over the period. This ranks it number 457th in the whole country for real estate investors looking at median house price increases.
Coburg North3058 is located in VIC which offers an average discount of -4.60% to property investors. Coburg North itself is showing figures that indicate -0.96% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $405 and the average annual increase in value of a median property of 5.45%, investors should hope to achieve an overall return of 3.79%