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Coburg North vs Heatherton

Property investment comparison - Coburg North, VIC 3058 vs Heatherton, VIC 3202

Head-to-head across core investment metrics: Coburg North wins 2, Heatherton wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricCoburg NorthHeatherton
Median house price$1.1M$1.1M
Median unit price--
Gross rental yield (houses)3.20%-
Gross rental yield (units)4.67%3.52%
1-year house growth-0.2%estimate+1.0%estimate
3-year house growth--
Vacancy rate1.3%0.7%
Population8,3272,826

Coburg North vs Heatherton: what the numbers say

The median house price is $1.1M in Coburg North and $1.1M in Heatherton, so Coburg North is the cheaper entry point.

Over the past year house prices moved -0.2% in Coburg North (an estimate) and +1.0% in Heatherton (an estimate), so recent momentum favours Heatherton, while Coburg North went backwards.

Rental vacancy is 0.7% in Heatherton and 1.3% in Coburg North, so landlords in Heatherton face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Coburg North is the bigger suburb, with a population of 8,327 against 2,826, roughly 2.9 times the size of Heatherton; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Coburg North for a lower purchase price, Heatherton for recent price momentum, Heatherton for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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