At number 1567th in the list of Australian suburbs ordered by increase in median house value over the last year, Coburg North, 3058 is in the top 40% with a property value increase of 5.76% recorded in median house prices.
Coburg North,3058 was ranked 3598 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Coburg North are currently offering property investors an average price cut of -1.88% below the asking price at the moment.
Often selling an investment property can take time, and in Coburg North the average time real estate has been on the market is 49.6 days.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.02%, without taking into account capital value appreciation, which has been averaging out at 7.59%.
Property investors who have had real estate in Coburg North, 3058 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.25%
If we look at median property appreciation over just the last three months, Coburg North has given property investors a paper return of 1.82%. This puts Suburb as 94 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Coburg North should be aiming for at least -9.09% off the asking price, which is the average vendor discount being achieved at the moment.
At number 700 in a list of fastest selling suburbs, Coburg North is just in the top half of suburbs in Australia with an average of days on market 65.2 for properties listed there.
Property investors should expect to get $425 weekly from the median priced house in this suburb.