Suburb Profile Report for Coburg North VIC (3058)

Coburg North House: Median price $890,300, Annual capital growth 6.06%, Number of sales 78, Weekly median advertised rent $480

Coburg North Unit: Median price $641,000, Annual capital growth 3.93%, Number of sales 37, Weekly median advertised rent $410

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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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.

Information supplied by:

YIP MAG
December 2015

M
O

W
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Coburg North’s relative affordability for a suburb in Melbourne’s middle ring could see it take off soon.

While the median house price in the suburb has risen by 27% over the past three years, it is still relatively affordable around the low $600,000 mark.

That affordability is being noticed too, with the average time a house spends on the market being 46 days, which is lower than many surrounding suburbs.

On the amenity side of things, Coburg North has a fair bit going for it.

The Batman and Merlynston train stations are located within the suburb, while Sydney Rd provides an easy drive into the centre of Melbourne.

Charles St, in the suburb’s south, is a growing shopping area, while Batman Market attracts many to the area.

There are also two private hospitals nearby, while the Fawkner Police Station is just north of Coburg North.

Metrics	HOUSE	UNIT
Median price	$890,300	$641,000
Quarterly growth	-0.86%	-0.31%
12-month growth	4.74%	4.23%
Average Annual Growth	6.06%	3.93%
Weekly median advertised rent	$480	$410
Number of sales	78	37
Gross rental yield	2.80%	3.33%
Days on market	62.55	65.4375

DSR Score for property investment : Above average (U), Very good (H)

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Demographics

Total population	6575
Median household income ($/weekly)	1067
Median age of persons	38
Median housing loan repayment ($/monthly)	1950
Average household size	2.5

Census	Count	Percent(%)
5-14 years	656	10.0
25-34 years	1053	16.0
35-44 years	1111	16.9
45-54 years	797	12.1
55-64 years	562	8.5
Others	2395	36.4

Age Group

Census	Count	Percent(%)
Not Married	2251	45.9
Registered Married	2185	44.5
Defacto Relationship	473	9.6

Social Marital Status

Census	Count	Percent(%)
Australia	3747	61.6
Hong Kong	195	3.2
Indonesia	166	2.7
Japan	479	7.9
Other	400	6.6
Others	1093	18.0

Country of Birth

Census	Count	Percent(%)
Buddhism	165	2.8
Christianity	3592	60.4
Hinduism	150	2.5
Islam	534	9.0
No Religion	1415	23.8
Others	94	1.6

Religious Affiliation

Census	Count	Percent(%)
$400-$599	256	11.9
$600-$799	215	10.0
$1,000-$1,249	201	9.3
$1,500-$1,999	261	12.1
$2,000-$2,499	209	9.7
Others	1008	46.9

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	2044	40.3
Employed, worked full-time	1719	33.9
Employed, worked part-time	974	19.2
Unemployed, looking for work	180	3.6
Employed, away from work	149	2.9

Person Characteristics

Census	Count	Percent(%)
Managers	308	10.8
Professionals	701	24.6
Technicians & trades workers	395	13.9
Clerical & administrative workers	432	15.2
Labourers	270	9.5
Others	741	26.0

Occupation

Census	Count	Percent(%)
Pre-school	95	6.8
Infants/Primary	418	29.8
Secondary	278	19.8
Technical or Further Educational Institution	184	13.1
University or other Tertiary Institutions	343	24.4
Others	86	6.1

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	4915	81.7
Semi-detached, row or terrace house, townhouse	613	10.2
Flat, unit or apartment	451	7.5
House or flat attached to a shop, office	24	0.4
Caravan, cabin, houseboat	11	0.2
Others	0	0.0