Coburg's median house price is up a strong 10.6 per cent this year to $1,205,000, even as the number of homes changing hands has eased 7.3 per cent, a clear sign of values holding firm against genuinely lower stock levels. With the Reserve Bank holding rates steady, that stability is giving both buyers and sellers real confidence to act.
Buyer demand remains squarely for homes that are ready to move into, and interstate investors, particularly from Sydney and Western Australia, continue to be active here, drawn by the relative value on offer. Days on market have improved for units, down 34.7 per cent to just 32 days, while houses remain steady at 38 days.
With interstate buyers the dominant group in the $700,000 to $1.2 million range, the market feels genuinely balanced rather than either rushed or stalled. For sellers weighing up timing, moving now, ahead of the warmer months bringing more competing listings, is a real advantage while stock stays this tight.
Median sale price for houses in Coburg is $1,202,500, up 7.4% from last year.
Median sale price for units in Coburg is $550,000, down 8.4% from last year.
Properties sold for houses in Coburg is 362, down 8.1% from last year.
Properties sold for units in Coburg is 207, down 11.5% from last year.
Auction clearance for houses in Coburg is 74.6%, down 4.2% from last year.
Auction clearance for units in Coburg is 75.9%, up 9.9% from last year.
Av days on market for houses in Coburg is 40, up 5.3% from last year.
Av days on market for units in Coburg is 33, down 28.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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