Coburg, VIC 3058: Suburb Profile & Property Report

Market Report

House report
Unit Report

Coburg has 306 houses available for sale. The median property price for a house is currently $1,224,000 with annual capital growth of 5.06% . There were 277 house sales in the past 12 months. On average, houses spend 31 days on market.

If you're thinking about buying an investment property in Coburg, consider that rental yields for houses are currently 3.17% with an average median rent of $692 weekly. Houses have seen -0.53% growth in the past quarter, and 5.06% growth in the past 12 months.

The size of Coburg is approximately 7 square kilometres. It has 33 parks covering nearly 7.4% of total area. The population of Coburg in 2011 was 24,976 people. By 2016 the population was 26,172 showing a population growth of 4.8% in the area during that time. The predominant age group in Coburg is 30-39 years.

Households in Coburg are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Coburg work in a professional occupation. In 2011, 65.8% of the homes in Coburg were owner-occupied compared with 62.8% in 2016.

Coburg has 202 units available for sale. The median property price for a unit is currently $627,500 with annual capital growth of 6.99% . There were 181 unit sales in the past 12 months. On average, units spend 30 days on market.

If you're thinking about buying an investment property in Coburg, consider that rental yields for units are currently 4.68% with an average median rent of $530 weekly. Units have seen 4.58% growth in the past quarter, and 6.99% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,224,000	$627,500
Quarterly growth	-0.53%	+4.58%
12-month growth	+5.06%	+6.99%
Average annual growth	+6.52%	+2.95%
Weekly median rent	$692	$530
Gross rental yield	3.17%	4.68%
Number of Sales (12m)	277	181
Avg. Days on Market (12m)	31	30

Jump to Market Trends

Key Demographics	2011	2016
Total population	24,976	26,172
Population change (5y)	+5.29%	+4.80%
Median household income (p/w)	$1,320	$1,637
Household income change (5y)	+28.78%	+24.02%
Median age of persons	35	36

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Coburg is $1,224,000 for houses and $627,500 for units.

The Median Growth in Coburg over the past 12 months is 5.06% for houses and 6.99% for units.

Over the past 12 months there were 277 houses sold and 181 units sold in Coburg. On average, houses spent 31 days on market and units spent 30 days on market.

In the past 12 months up to August 2024 there were 277 houses sold and 181 units sold in Coburg. On average, houses spent 31 days on market and units spent 30 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Coburg is $692 for houses and $530 for units.

The Rental Yield in Coburg is 3.17% for houses and 4.68% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Coburg was 26,172 in 2016, a +4.80% change compared to 2011.

The predominant age group in Coburg is 30-39 years.

The population of Coburg was 26,172 in 2016, a +4.80% change compared to 2011.

The predominant age group in Coburg is 20-29 years.

Most of the population in Coburg were born in Australia.

Most of the population in Coburg report their religion as No Religion.

Most of the population in Coburg report their religion as Catholic.

Most of the population in Coburg report their income range as between $78,000 and $130,000 .

The median household income in Coburg was $1,637 in 2016, a +24.02% change compared to 2011.

Most of the population in Coburg report their income range as between $78,000 and $130,000 .

The median household income in Coburg was $1,320 in 2011, a +28.78% change compared to 2006.

Most of the population in Coburg work as Professional.

The chart below demonstrates the various levels of education in Coburg.

Most of the population in Coburg reached a qualification level of Bachelor.

2011 2016

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