Stock is tight in Coburg, and that is working firmly in sellers' favour. One-bedroom apartments are clearing at 100 per cent this year, a rare result that speaks to just how few are coming up against genuine buyer demand. Two-bedroom units are close behind at 70 per cent, with 129 sales already logged.
Houses are performing just as strongly through the middle of the market. Two and three-bedroom homes, the most active bracket between $700,000 and $1.2 million, are clearing at 83 and 80 per cent respectively, both selling in around a month to six weeks. Four-bedroom family homes remain in demand too, though the top end above $1.5 million is more selective.
Interstate investors are increasingly active here, drawn by pricing that still looks reasonable next to other capital cities. Buyers across every level, from apartments to fully renovated homes, are making considered offers rather than chasing the market, so those planning to sell and buy in the same cycle are finding the trade-off broadly balances out.
Median sale price for houses in Coburg is $1,205,000, up 10.6% from last year.
Median sale price for units in Coburg is $565,000, down 4.2% from last year.
Properties sold for houses in Coburg is 356, down 7.3% from last year.
Properties sold for units in Coburg is 212, down 10.2% from last year.
Auction clearance for houses in Coburg is 75.0%, down 1.8% from last year.
Auction clearance for units in Coburg is 77.2%, up 13.0% from last year.
Av days on market for houses in Coburg is 38, down 2.6% from last year.
Av days on market for units in Coburg is 32, down 34.7% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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