Coburg North is a mid-sized suburb in Victoria within the Moreland local government area (postcode 3058). With a population of 8,327, the suburb has an established demographic with a median age of 38. Households earn a median income of $103K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Coburg North is $1.1 million, having grown strongly 8.7% over the past year. Units have a median price of $788,000 (+19.3% YoY). The median weekly rent is $401 (Census 2021). This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 rail stations, 51 bus stops.
From an investment perspective, Coburg North offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved +8.7% year-on-year.
Coburg North is a mid-sized suburb in Victoria within the Moreland local government area (postcode 3058). With a population of 8,327, the suburb has an established demographic with a median age of 38. Households earn a median income of $103K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Coburg North is $1.1 million, having grown strongly 8.7% over the past year. Units have a median price of $788,000 (+19.3% YoY). The median weekly rent is $401 (Census 2021). This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 6 rail stations, 51 bus stops.
From an investment perspective, Coburg North offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved +8.7% year-on-year.