Located in Victoria within the Moreland local government area, Coburg is a large suburb (postcode 3058). It is home to about 26,574 residents, with a mix of young professionals and families and a median age of 37. Households earn a median income of $107K per year, with an average household size of 2.5 people. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Italian.
The median house price in Coburg is $1.3 million, having climbed sharply by 16.5% over the past year. Units have a median price of $731,000 (+23.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,167.
Coburg is served by 11 schools, including 6 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 1085, which is above the national average of 1,000. Public transport access includes 8 rail stations, 124 bus stops. Healthcare facilities include 1 private hospital.
Looking at the investment signals, Gross rental yield sits at around 2.3% (low yield). Property prices are above the state median ($1.3M/$850K), placing it in the premium segment. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +16.5% year-on-year.