coburg

3058, Victoria

Real Estate & Property Information

Median
Price Rank
174

coburg Suburb Profile & Review

A thriving multicultural area, Coburg is one of the oldest and most well-established suburbs in Melbourne's north. From its four train stations, Moreland and Coburg in the south, and Batman and Merlynston in the north, you can reach the city on the Upfield line in twenty minutes.

Jump on tram 19 to reach Sydney Road, where you will find cuisine from all corners of the globe. Visit during the day to browse the many fashion boutiques and discount stores, or at night to enjoy a live performance at a popular music venue like the Post Office Hotel. A stroll along Sydney Road will lead you to Lake Reserve, which features a beautiful ornamental lake. Under the weeping willows, tall pines and quirky sculptures ride a bike, take a walk or enjoy a picnic. For a rare treat, head to Newlands Road, where you can relive the 50s at the drive-in cinema.

Those looking for more practical amenities will find the Kangan Institute has two campuses in Coburg, while there are numerous state and private primary, private secondary schools, including St Joseph's College and Coburg Senior High School. The John Fawkner Hospital, a major surgical, acute medical and emergency hospital, can be found on Moreland Road.

coburg Demographic Data

$ 596,500 Median House Price

19 Minutes Average Commute

35 Median Age

24,977 Population

51.18 % Female

48.82 % Male

6323 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in coburg, Victoria.

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coburg Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

coburg Median House Prices

  • 2008 $ 465,800
  • 2009 $ 510,000
  • 2010 $ 530,000
  • 2011 $ 635,000
  • 2012 $ 596,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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coburg 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in coburg have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term coburg property price predictions.

coburg Market Property Types

  • 73 % Seperate House
  • 14 % Semi Detached
  • 13 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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coburg Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

coburg Income & Mortgage Stats

  • $ 1,325 Median Weekly Household Income
  • $ 1,954 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in coburg

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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coburg Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

coburg Sold Property Prices

coburg Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

coburg Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

coburg Restaurants

  • Zorbas365 Sydney Rdcoburg VIC 305803 9384 1121
  • Wang Wang Dumpling3/51 Waterfield Streetcoburg VIC 305803 9354 0294
  • The Woodlands Hotel84-88 Sydney Rdcoburg VIC 305803 9384 1122

coburg Cafes

  • Cafe Sarabella1 Victoria Stcoburg VIC 305803 9354 5239
  • The Elizabeth130 Elizabeth Streetcoburg VIC 305803 9355 8283
  • Roza131 Sydney Rdcoburg VIC 305802 9383 6400

coburg Schools

  • Antonine College Cedar Campus132A Nicholson Streetcoburg VIC 3058(03) 9354 1377Catholic Secondary School
  • St. Pauls Primary School562 Sydney Roadcoburg VIC 3058(03) 9354 8970Catholic Primary School
  • St. Fidelis Primary School52-64 Saunders Streetcoburg VIC 3058(03) 9383 3600Catholic Primary School

coburg Childcare

  • ABC Learning CentreCnr Bell & Clifton Stscoburg VIC 3058
  • Antonine Sisters CCC11-13 Barrow Streetcoburg VIC 3058
  • Barry Beckett Childrens CentreConnolly Avenuecoburg VIC 3058

coburg Kindergarten and Preschools

  • Moreland KindergartenDe Carle Streetcoburg VIC 3058
  • Try Coburg Preschool98 Bell Streetcoburg VIC 3058

coburg Sporting Centres and Clubs

  • Little Athletics Centres, Harold Stevens Athletics Trackcoburg VIC 3058Athletics Club
  • Coburgcoburg VIC 3058Bowling Club
  • Coburg Westcoburg VIC 3058Bowling Club

Find out How Much your House is Worth in coburg

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