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Coburg North, VIC 3058

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$1,105,000

market range $975K-$1.1M

Median Unit

$600,000

list-price estimate

Gross Yield (houses)

3.2%

1yr Growth (houses)

-0.2%

market range -5.0% to +12.5%

Investment snapshot for Coburg North

Coburg North has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Read the full Coburg North verdict

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Coburg North market and investor summary

In Coburg North, VIC 3058, the median house sells for around $1.1M, on a gross rental yield of 3.2% for houses. House prices have moved -0.2% over the past year. At 1.3% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.2% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.

Living in Coburg North: people, income and schools

Coburg North has a resident population of roughly 8,327, a number that has held fairly steady over five years. At a median age of 38, it reads as broadly working-age, and families account for 69% of households.

The typical household income runs to around $103,000 a year (about $1,980 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 24% over five years, which tends to underpin what local buyers can pay.

Families have 80 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Coburg North sits about 9.6 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 62 for walkability and 89 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
8,327
+5% over 5yr
Median age
38 years
Median household income
$103,000/yr
Households renting
31%
Family households
69%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
80
avg ICSEA 1065
Unemployment
6.4%
Distance to CBD
9.6 km
Walk score
62/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Coburg North

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Frequently asked questions about Coburg North

What should I check before investing in Coburg North?

Coburg North has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Tight rental market (1.3% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Coburg North?

The median property price in Coburg North, VIC 3058 is $1.1M for houses.

What rental yield does Coburg North show?

The gross rental yield in Coburg North is 3.2% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Coburg North?

House prices in Coburg North are down 0.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Coburg North?

The current vacancy rate in Coburg North is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Coburg North?

Coburg North has a population of approximately 8,327 residents, with a median age of 38.

What schools are near Coburg North?

There are 80 schools within roughly 5km of Coburg North. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Coburg North affordable to buy in?

A median house in Coburg North costs about 10.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Coburg North's population growing?

The population of Coburg North has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Coburg North from the CBD?

Coburg North is about 9.6 km from the CBD.

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