VIC has seen average median house prices change by 3.76% which means that Coburg North, 3058 has done well for property investors by showing a capital gain of -0.88% over the last year
Across a shorter period, Coburg North, 3058 has seen a median price increase of -4.46% over the last quarter.
Our latest figures would indicate that property sellers in Coburg North are currently offering property investors an average price cut of -5.02% 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 50.2 days.
With the median price for a house in Coburg North being $793000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.28%
Over the last year, property investments in Coburg North, 3058 have given investors a capital gain of 14.86%. This compares very favourably with the 2.97% for VIC as a whole.
Over the longer term, Coburg North has seen property prices show investors a 14.86% return over the last 3 years. This is the same as over the last 12 months
At number 357 in a list of fastest selling suburbs, Coburg North is in the TOP 30% of suburbs in Australia with an average of days on market 52.61 for properties listed there.
Situated 9.87km from the CBD, Coburg North is one of Moreland (C) localities in the postcode 3058.