If you compare the increase in value of investment property in Coburg, 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 11.42%.
A 72.27% growth in median value for property investors in Coburg,3058 puts this suburb at number 496th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Coburg should be aiming for at least -4.36% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 7.65%, investors should hope to achieve an overall return of 2.70%
Property value increases in Coburg have tracked close to the VIC average of 8.36% over the last 12 months.
The five-year average increase in median property values for Coburg,3058 has given property investors a potential capital gain of 34.97% across each of those five years.
Sellers are offering property buyers an average discount of -4.54% to buyers in Coburg at the moment, which is less than average for the rest of VIC.
With the median price for a house in Coburg being $512875 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 3.80%