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Coburg, VIC 3058
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,250,000
market range $1.2M-$1.3M
Median Unit
$590,000
market range $525K-$650K
Gross Yield (houses)
3.1%
1yr Growth (houses)
+3.0%
market range -2.5% to +15.0%
Investment snapshot for Coburg
Coburg has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Coburg market and investor summary
Coburg (VIC 3058) runs a median house price of $1.3M, with houses yielding a gross 3.1%. House prices have moved +3.0% over the past year. At 1.4% 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 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Coburg: people, income and schools
Coburg is home to around 26,574 people, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and families account for 66% of households.
Households here earn a median of about $107,000 a year, or roughly $2,070 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 11.6 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.
There are 97 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 7.6 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 71 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 26,574
- +5% over 5yr
- Median age
- 38 years
- Median household income
- $107,000/yr
- Households renting
- 33%
- Family households
- 66%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 97
- avg ICSEA 1093
- Unemployment
- 6.4%
- Distance to CBD
- 7.6 km
- Walk score
- 71/100
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
View all →Frequently asked questions about Coburg
What should I check before investing in Coburg?
Coburg has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.1%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.4% 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?
The median property price in Coburg, VIC 3058 is $1.3M for houses and $590K for units.
What rental yield does Coburg show?
The gross rental yield in Coburg is 3.1% for houses and 5.1% 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?
House prices in Coburg are up 3.0% 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?
The current vacancy rate in Coburg is 1.4%. 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?
Coburg has a population of approximately 26,574 residents, with a median age of 38.
What schools are near Coburg?
There are 97 schools within roughly 5km of Coburg. 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 affordable to buy in?
A median house in Coburg costs about 11.6 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's population growing?
The population of Coburg 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 from the CBD?
Coburg is about 7.6 km from the CBD.
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