Get a property report and suburb profile for any property in Coburg

Coburg is an inner-northern Melbourne suburb that mixes period character with urban energy. Sydney Road’s retail spine and the Pentridge precinct sit alongside tree-lined streets of Victorian terraces, bungalow-style homes and pockets of medium-density apartments. Cafés, multicultural eateries and independent shops create a village atmosphere, and parks such as Coburg Lake Reserve plus tram services on Sydney Road and the Upfield train line make everyday life convenient. The rail was elevated and a new Coburg station opened, with related open space and station precinct works completed.

Home to 26,574 people with a median age of 37 and a median household income of $2,065 a week (about $107,380 a year), Coburg is a suburb of families: couple families with children are the largest group and, with couple families without children, make up about 83.5% of families. About two in three homes are owner-occupied while roughly a third are rented. Council and state plans also identify a health and community services precinct and a Coburg Square renewal program that includes the library, town hall and leisure centre.

On the figures for Coburg 3058, buying and renting tell different stories against local incomes as recorded at the most recent Census. The median house price of $1,210,000 is about 11.3 times a typical local annual household income at the last Census, while the median unit price of $578,250 is about 5.4 times that income. For renters, a house rent of $720 a week would take about 34.9% of a typical local household's weekly income at the last Census (a sizeable share), and a unit rent of $530 a week would take about 25.7% (a moderate share). On these figures, renting—especially a unit—sits less stretched against what local households earned at the last Census than buying a house does, but whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Coburg's house and unit markets moved in different directions: median house values climbed 10.6% while median unit values fell 4.2%. On the income side, house rents rose 3.6% and unit rents rose 6.0%.

Put another way, houses showed sizable capital growth over the year while units lost value, and units delivered the stronger rent growth compared with houses. Which of those outcomes matters most will depend on whether you are focused on capital growth or on rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.