Property investors who have had real estate in Coburg North, 3058 should be 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 15.46%
Coburg North,3058 has offered an average of 15.46% return per annum in house price rises to property investors over the last three years.
Coburg North3058 is located in VIC which offers an average discount of -4.29% to property investors. Coburg North itself is showing figures that indicate -4.16% is the average achievable by property buyers investing in the suburb.
At number 1544 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 61.76 for properties listed there.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 5.59%, investors should hope to achieve an overall return of 2.92%
Investment property in Coburg North has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.34%
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.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.