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City of Merri-bek

Coburg

Coburg Property Market
& Suburb Profile

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MEDIAN PRICES IN COBURG

Median house price

(all agencies, last 12 months)$1.2m*

House price change

(all agencies, last 12 months)-0.84%

Median unit price

(all agencies, last 12 months)$575k*

Unit price change

(all agencies, last 12 months)-1.71%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

COBURG price TRACKER

HousesUnits

Coburg sales overview

  • Sold by Auction 68%
  • Sold by Private Sale or Other Method 32%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Coburg

(all agencies, last 12 months)72%

Average held period in Coburg

(proptrack)12 years

Coburg Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$761pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$532pw

Unit rental price change

(all agencies, last 12 months)0.02%

Average rental yield for Houses

(all agencies, last 12 months)3.25%

Average rental yield for Units

(all agencies, last 12 months)4.81%

Coburg total population size

(as at the last census)26,574

Median household size in Coburg

(as at the last census)2.5

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Coburg property types

  • Houses 40%
  • Units 26%
  • Other 34%

OCCUPANCY in Coburg

  • Owned 64%
  • Rented 33%
  • Other/Not Stated 3%
  • Singles 25%
  • Families 66%
  • Other 9%

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About Coburg

Coburg, Victoria, postcode 3058, is an established inner-city suburb situated approximately 8 km north of Melbourne's CBD. Known for its rich history and cultural diversity, Coburg offers a vibrant lifestyle that appeals to singles, couples, professionals, families, and retirees alike.

History

Originally named Pentridge in 1840, the suburb was renamed Coburg in 1870 to honor the Duke of Edinburgh's visit, a member of the royal house of Saxe-Coburg. The mid-1800s saw Coburg's growth with farms and bluestone quarrying, drawing new settlers during the Victorian gold mining boom. Coburg’s most notable landmark, Pentridge Prison, was established in 1850 and housed infamous criminals like Ned Kelly. Decommissioned in 1997, the prison has since been transformed into an urban village featuring luxury apartments, boutique shops, a Palace cinema, and various eateries.

Property Styles

Coburg's residential architecture is a charming mix of period homes, including California bungalows and double-fronted Victorians, along with quirky retro-style houses. Modern developments like Coburg Hill on Elizabeth Street offer contemporary homes amidst ample parkland. Coburg's leafy streets, particularly The Grove, are highly sought after for their prestige and character.

Lifestyle

Coburg provides an attractive inner-city lifestyle with a variety of properties, excellent schools, shops, eateries, and healthcare facilities, including the John Fawkner Private Hospital. The suburb's cultural diversity is showcased through numerous festivals, vibrant cafes, restaurants, clubs, and markets. Coburg's commercial precinct, located between Coburg railway station and Sydney Road, is home to ethnic shops, discount stores, supermarkets, fresh produce markets, and international grocery outlets.

Recreation and Parks

Coburg is well-known for its outdoor recreational spaces. The Merri Creek Trail is ideal for those seeking tranquility, while Harmony Skate Park and Bridges Reserve offer active recreational options. Coburg Lake Reserve, created in 1915, is perfect for picnics and features playgrounds, gym equipment, and scenic lake views.

Transport

Coburg is well-serviced by public transport, including three tram lines, two train stations (Coburg and Moreland), and multiple bus routes. Cyclists benefit from on-road bike lanes and trails like the Upfield Bike Path and Merri Creek Trail. The suburb's proximity to the Calder and Tullamarine Freeways ensures easy access to Melbourne's CBD and the airport.

Education

Coburg caters to diverse educational needs with several primary and secondary schools, including Coburg North Primary, St Paul's Primary, Coburg High, Antonine College, and Mercy College. The Australian International Academy offers Islamic primary and secondary education.

Sports and Activities

Coburg boasts a rich sporting culture with clubs for football (Coburg Lions, West Coburg, Northern Saints), basketball, cricket, tennis, baseball, swimming, table tennis, cycling, and soccer. The Coburg Harriers Athletic Club, established in 1896, has produced Olympic medalists and Commonwealth Games representatives. Facilities include the Harold Stevens Athletic Track and the Coburg velodrome.

Demographics

Coburg attracts a diverse demographic, including professionals, families, singles, and retirees. The suburb is popular for its trendy and stylish vibe and strong resale or rental value.

Nearby Suburbs

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While every effort has been made to ensure accuracy, the content may not reflect the most current data or developments. Readers should verify any information independently before making any decisions based on the details presented. The suburb profile is subject to change and should not be relied upon as a sole source of information.

Education

Australian International Academy of Education
Coburg High School
Coburg North Primary School
Coburg Primary School
Coburg Special Developmental School
Coburg West Primary School
Merri-bek Primary School
St Bernard's School
St Paul's School
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Sales Comparison

Find out how Coburg median sales prices compare to neighbouring suburbs.

Coburg MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025520$877,500-0.84%727$647pw4.03%
2024556$862,500-2.42%706$632pw4.05%
2023462$872,000-1.79%740$598pw3.81%
2022557$902,500no change1127$528pw3.44%
2021642$886,95013.20%1088$481pw2.94%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025520$877,500-0.84%
2024556$862,500-2.42%
2023462$872,000-1.79%
2022557$902,500no change
2021642$886,950+13.20%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025727$647pw4.03%
2024706$632pw4.05%
2023740$598pw3.81%
20221127$528pw3.44%
20211088$481pw2.94%

PROUDLY SERVICING Coburg

Barry Plant
Coburg

341-345 Sydney Road
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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.