Coburg is a large suburb in Victoria within the Moreland local government area (postcode 3058). With a population of 26,574, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Coburg is $1.1 million, having dipped slightly 2.8% over the past year. Units have a median price of $591,000 (-2.4% YoY). The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 1.9%. 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.
From an investment perspective, Coburg offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.1M/$875K), placing it in the premium segment. The price-to-income ratio of 10.7x is considered stretched. House prices have moved -2.8% year-on-year.
Coburg is a large suburb in Victoria within the Moreland local government area (postcode 3058). With a population of 26,574, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Coburg is $1.1 million, having dipped slightly 2.8% over the past year. Units have a median price of $591,000 (-2.4% YoY). The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 1.9%. 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.
From an investment perspective, Coburg offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.1M/$875K), placing it in the premium segment. The price-to-income ratio of 10.7x is considered stretched. House prices have moved -2.8% year-on-year.