Melbourne inner north ยท VIC 3058
Buyers agent in Coburg
The best ten year number in the inner north on this list, and it has just had its strongest year of the decade.
Figures below are August 2026, suburb level, all bedroom counts. Full Merri-bek council report.
The Coburg numbers
Houses
$1,303,537
Typical price
$777
Weekly rent
3.10%
Gross yield
+3.8%
Growth a year, 10yr
+6.4%
Growth, last 12mth
351
Sales a year
Units
$516,667
Typical price
$582
Weekly rent
5.86%
Gross yield
+1.8%
Growth a year, 10yr
+1.0%
Growth, last 12mth
282
Sales a year
Vacancy rate 1.38% across roughly 14,161 dwellings. HtAG Analytics, suburb level, all bedroom counts. Typical price is a modelled estimate, not a median of recent sales.
The honest read
What I'd tell you over a coffee
Coburg houses have grown 3.76% a year over ten years. That is the best inner north number on this list, ahead of Brunswick at 2.34% and well ahead of Fitzroy.
The last twelve months were 6.44%, the strongest single year in the set outside the growth corridors. Five years is only 1.55%, so this is a recent turn rather than a steady climb.
A typical house is $1,303,537 on a 3.10% yield, which is decent for six kilometres from town.
Rent has grown 4.63% a year over the decade and vacancy sits at 1.38%. The rental side is genuinely healthy.
The units are the trap. A 5.86% gross yield, second highest on this list, sitting on capital growth of 1.76% a year. That yield is compensation, not a bargain.
351 house sales a year across about 14,161 dwellings. Deep, liquid, and no scarcity premium to pay.
Who Coburg suits
Investors who want inner north with a yield that is not embarrassing, and owner occupiers priced out of Brunswick and Northcote. On the ten year data it has beaten both of its more fashionable neighbours.
What I'd watch
The unit stock specifically. 282 unit sales a year and 1.76% growth means the apartment market here has been flat for a decade while the houses moved. Do not let a 5.86% yield talk you into the wrong half of the suburb.
How I work
- Flat $20,000 fee, whatever you buy and wherever it is
- No commissions from agents, developers or builders
- I'll tell you when a suburb doesn't stack up, including this one
Fair questions
Buying in Coburg, answered
Coburg or Brunswick?
On the last decade, Coburg. 3.76% a year against 2.34%, and it is cheaper at $1,303,537 against $1,394,180. Brunswick has the tighter rental market, 1.08% vacancy against 1.38%. If it is purely an investment, Coburg has the better ten years behind it.
Is the 5.86% unit yield worth chasing?
Only if you understand what you are buying. Ten years at 1.76% a year on the capital is the price of that yield. It is a cash flow play rather than a growth one, and it should be a deliberate choice rather than a surprise.
What has changed in the last year?
6.44% growth after five years averaging 1.55%. One year does not make a trend, but it is the strongest move in the inner north on this list and it is worth watching.
Other Melbourne suburbs
Same treatment, same data, different answer in every one of them.
- Truganina
- Craigieburn
- Blairgowrie
- Langwarrin
- Hallam
- Glenroy
- Moonee Ponds
- Altona
- Murrumbeena
- Yarraville
- Brighton East
- Beaumaris
- Brunswick
- Blackburn
- Doncaster
- Highett
- Black Rock
- Seddon
- Balwyn
- Port Melbourne
- Ringwood
- Ripponlea
- Sandringham
- Fitzroy
- Caulfield
- St Kilda
- Malvern
- East Melbourne
- Brighton
- Hawthorn East
- Balaclava
- Hawthorn
- Malvern East
- Box Hill
- South Yarra