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Coburg, VIC 3058

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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, 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

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5BR

Rent 

2BR

3BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

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, VIC 3058”

  1. The total adult population (15 years or older) of Coburg 3058 VIC is 22,523, with a median age of 37. Of those, 38.41% are married, 8.87% are divorced or separated, 48.27% are single and 4.48% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $10,128. The median monthly mortgage repayment for households in this suburb is $2,167 which is 21.40% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the thriving state of Victoria, the Melbourne suburb of Coburg 3058 boasts an estimated 13,618 households. Entering Q3 of 2023, the property market for houses in Coburg offers numerous indicators conducive to thoughtful investing.

    The median listing price for houses in Coburg settles around $1,160,596, with the typical weekly rent calculated at $602. The combination of price and rent produces an indicative yield of 2.7%, a figure slightly below the 3% benchmark favoured by cashflow-centred property investors. Despite this, Coburg still stands as a viable consideration for savvy investors looking to diversify their portfolio.

    Digging into the metrics that define the socio-economic positioning of the suburb, Coburg presents an IRSAD score of 1065 out of 1217. This strong score reflects a thriving socioeconomic environment conducive to residency and investment. Meanwhile, the renter to owner ratio sits quite comfortably at 33%, not exceeding the accepted 30% threshold too significantly, indicating a healthier market balance than areas oversaturated with rental properties.

    In terms of the housing type distribution within the suburb, the units to houses ratio is comfortably positioned at 25%. This aligns well within the ideal threshold of 50% or lower, interpreting as an indication of a promising environment for owners looking to attract long-term family tenants.

    Keep also in mind, though, the apparent long-term commitment required to fully own a property in the suburb, as suggested by the affordability index of 45 years. It’s above the comfortable 30 years margin, signalling a less affordable market for prospective buyers.

    Examining the supply-side metrics, Coburg scores well with a low stock on market Percentage of 0.15% and low inventory level of 0.57 months. This low supply is reinforced by a building approvals Ratio of 0.12%, suggesting a restrained inflow of new housing stock, much favorable for maintaining property value.

    Conversely, a quick look at demand metrics reveals a very positive picture. Houses are lasting an average of 24 days on the market, well below the national average. Furthermore, the extremely low vacancy rate of 0.53% signals high demand for rental properties, a desirable aspect for potential investors. That said, with a buy search index of 3, interests from potential home-buyers in the area are in moderate levels, a scenario that may sway towards either side in the future.

    Although the suburb appears to have some favourable market conditions, it’s crucial that investors evaluate the overall market trend continuously. Keep an eye on various metrics over time, not merely at a glance, to make informed property investment decisions.

    Moreover, subscribing to tools like the HtAG Analytics RCS (Relative Composite Score), which compiles insights from over 80 metrics, can significantly enhance your investment research efficacy.

    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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