Coburg

Coburg is an established suburb with a diverse population. The area has a mix of age groups, with a significant number of young adults and middle-aged residents. The suburb offers good public transport options, with many residents opting to commute via train or motor vehicle. Additionally, a notable percentage of residents work from home. Coburg provides a range of amenities, including shopping facilities and is attractive for its relatively affordable rental prices compared to neighbouring suburbs. The suburb also has a high level of educational advantage for students attending government schools. For houses, Coburg presents an opportunity for investors interested in renovating properties given the high sale price IQR ratio. The market absorption rate indicates a balanced market for houses. For units, the suburb has shown strong median growth rates over the years, making it an attractive option for investors seeking capital growth. The unit market in Coburg also benefits from a relatively high rental yield and a healthy market absorption rate, suggesting a good demand-supply balance. Coburg is a vibrant suburb suitable for homeowners and investors alike. With good infrastructure, diverse demographics, and educational opportunities, it presents a desirable living environment. The suburb offers investment potential in both houses for renovators and units for capital growth seekers. The balanced market conditions and strong growth rates make Coburg an attractive choice for those considering property investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022