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Coburg North, VIC 3058

Home » VIC Real Estate Data » Moreland City, VIC » Coburg North, VIC 3058

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Coburg North, VIC 3058 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Coburg North, VIC 3058”

  1. The total adult population (15 years or older) of Coburg North 3058 VIC is 6,848, with a median age of 38. Of those, 39.79% are married, 9.61% are divorced or separated, 43.65% are single and 6.98% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,520. The median monthly mortgage repayment for households in this suburb is $2,167 which is 22.76% of their earnings.

    Source: ABS Census Data (2021)

  2. Coburg North 3058, located in Victoria, is a thriving suburb estimated to be home to around 5019 households. As of Q3 2023, typical house prices in the suburb are set around the mark of $974,043. A robust weekly median rent of $537 creates an indicative yield of 2.87%.

    While the yield falls just short of the minimum attractive market benchmark of 3% for property investors, the socio-economic assessment shows promise. The IRSAD score, a measure of socio-economic status, sits at a competitive 1042 out of a possible 1217, suggesting a well-off community with strong economic resources.

    The suburb displays a renter to owner ratio of 31%, just floating above the ideal maximum of 30%. Although this is slightly higher than optimum, it’s still within a reasonable boundary and doesn’t significantly detract from the suburb’s investment appeal.

    Promisingly, the units to houses ratio stands low at 10%, signalling a market heavily geared towards houses and indicating less competition among rental property owners. The affordability index tells a different tale, however, clocking an above-average measure of 40 years to fully own a property in the area, suggesting lower affordability.

    In terms of supply, a low stock on market Percentage for the houses rests at 0.17%, suggesting limited competition for house sellers in the market. With an inventory level at 0.71 months, indicating a rapid turnover of properties on the market, these two metrics reveal a favourable supply environment. The building approvals Ratio also measures low at 0.26%, signifying a slow influx of new properties.

    The average number of Days on the Market for houses aligns with a high-demand market, coming in at a swift 24 days, while the low Vacancy Rate, combining houses and units, sits at a desirable 0.65%, indicating a bustling rental market. Lastly, the buy search index for houses around the average value of 4, marking as reasonably attractive buying interest in the suburb’s market.

    In summary, despite the higher than preferable affordability index and less than ideal yield, Coburg North, with its favourable supply and demand dynamics, presents as a suburb worth considering for property investment. However, prospective investors should also keep an eye on other metrics and market developments to make informed decisions — and HtAG Analytics’ Relative Composite Score can be beneficial in this regard.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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