Coburg is in the bottom 40% in VIC when comparing median price capital growth over the last year. Coburg gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.32%.
Over the longer term, Coburg has seen property prices show investors a 9.44% return over the last 3 years. This is worse than over the last 12 months
Coburg, 3058 is offering VIC ‘s 500th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
Advertised rents are around the $545 mark per week – giving a return of 3.19% based on the median price in Suburb
At number 258th in the list of Australian suburbs ordered by increase in median house value over the last year, Coburg, 3058 is in the top 20% with a property value increase of 7.16% recorded in median house prices.
Coburg,3058 was ranked 185 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Coburg should be aiming for at least -6.92% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 8.04km from the CBD, Coburg is one of Moreland (C) localities in the postcode 3058.