Coburg North vs Purnim
Property investment comparison - Coburg North, VIC 3058 vs Purnim, VIC 3278
Head-to-head across core investment metrics: Coburg North wins 2, Purnim wins 3. 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.
| Metric | Coburg North | Purnim |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | $440K |
| Gross rental yield (houses) | 3.20% | 1.92% |
| Gross rental yield (units) | 4.67% | 5.33% |
| 1-year house growth | -0.2%estimate | +20.1% |
| 3-year house growth | - | - |
| Vacancy rate | 1.3% | 7.1% |
| Population | 8,327 | 292 |
Coburg North vs Purnim: what the numbers say
The median house price is $1.1M in Coburg North and $1.1M in Purnim, so Purnim is the cheaper entry point, with Coburg North houses about 1% dearer.
On cash flow, Coburg North leads: houses there return a gross rental yield of 3.20%, compared with 1.92% in Purnim, a gap of 1.28 percentage points.
Over the past year house prices moved -0.2% in Coburg North (an estimate) and +20.1% in Purnim, so recent momentum favours Purnim, while Coburg North went backwards.
Rental vacancy is 1.3% in Coburg North and 7.1% in Purnim, so landlords in Coburg North 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 292, roughly 29 times the size of Purnim; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Coburg North for rental income, Purnim for a lower purchase price, Purnim for recent price momentum, Coburg North for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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