This property is Off Market
With an average age of 37, households expect an average monthly mortgage payment of $2,392 or a weekly rent payment of $446. The average family earns a weekly income of $2,150 with a typical household size of 2.8 and a 91.41% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Coburg North ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Coburg North provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Coburg North to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Coburg North we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Coburg North a better buying opportunity than it may have been in the past.
(Country of Birth not stated 1%)
Coburg North a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
60 / 100
52 / 100
Industry
14 / 100
17 / 100
Population
23 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
30 / 100
34 / 100
Incidents Trend State Average
Mercy College
Coburg North, VIC, 3058 Independent 7-12
Fawkner Primary School
Fawkner, VIC, 3060 State Prep-6
Newlands Primary School
Preston, VIC, 3072 State Prep-6
St Paul's School
Coburg, VIC, 3058 Independent Prep-6
Coburg Primary School
Coburg, VIC, 3058 State Prep-6
Coburg Special Developmental School
Coburg, VIC, 3058 State U
Australian International Academy of Education
Coburg, VIC, 3058 Independent Prep-12
Coburg North Primary School
Coburg, VIC, 3058 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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