Coburg North's median house price has edged up 1.8 per cent this year to $975,000, a modest but genuine sign of the stability the Reserve Bank's rate hold has brought to this part of the market. Buyers are taking their time to make decisions, but they are making them, clearance is holding at 73.8 per cent.
The apartment market is a standout here, up 3.4 per cent in price with sales climbing 23.1 per cent, and clearance jumping 22.7 per cent to 81.8 per cent. Buyer demand across the suburb remains focused on homes that are genuinely ready to move into, with interstate investors continuing to see the value on offer relative to neighbouring suburbs.
With interstate buyers the dominant group in the $700,000 to $1.2 million range, and stock levels lower than usual, sellers weighing up their timing have a real window before spring brings more competing properties to market.
Median sale price for houses in Coburg North is $972,500, up 1.4% from last year.
Median sale price for units in Coburg North is $707,500, up 2.1% from last year.
Properties sold for houses in Coburg North is 128, down 4.5% from last year.
Properties sold for units in Coburg North is 18, up 50.0% from last year.
Auction clearance for houses in Coburg North is 70.8%, down 5.9% from last year.
Auction clearance for units in Coburg North is 81.8%, up 22.7% from last year.
Av days on market for houses in Coburg North is 44, up 2.3% from last year.
$1,202,500
$1,060,000
$972,500
$942,500
$880,000
$860,000
$822,000
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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