Coburg falls in Moreland, approximately 9 km north of Melbourne’s Central Business District. This suburb blends historical charm and contemporary living, characterised by its vibrant community, diverse cultural scene, and heritage architecture.
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Demographic Profile
- Population: Coburg is home to a diverse and multicultural community. According to the 2021 census, the population of Coburg is 26,574.
- Predominant Age Group: Attracts a wide range of residents, including young professionals, families, and older individuals, with a notable presence of the 20-39 age group.
- Median Household Income: Generally aligns with the Melbourne metropolitan average, reflecting its mix of working-class and professional residents.
- Occupancy: A good balance of homeowners and renters, with various housing types available.
Real Estate and Growth
- Median House Prices: The median house price in Coburg is around AUD 1,050,000.
- Median Unit Prices: Units and apartments average about AUD 550,000.
- Rental Market: The median rent for houses is approximately AUD 450 per week, and for units, it’s nearly AUD 350 per week.
- Market Trends: Coburg has experienced consistent growth in property values, appealing for its proximity to the city and vibrant community life.
Education and Lifestyle
- Schools: Hosts several reputable schools, including Coburg High School and Coburg Primary School.
- Local Vibe: Known for its strong community spirit, cultural diversity, and lively shopping and dining scene, mainly along Sydney Road.
- Community Insights: Residents enjoy the suburb’s mix of urban convenience and neighbourhood charm, with numerous cafes, restaurants, and local shops.
Transportation
- Public Transport: Well-serviced by trams, trains, and buses, providing easy access to Melbourne CBD and surrounding areas.
- Accessibility: Coburg is well-connected via major roads and is close to the CityLink tollway.
Notable Features
- Historical Significance: The suburb boasts a rich history, evident in its Victorian and Edwardian architecture.
- Green Spaces: Features several parks and reserves, including the Coburg Lake Reserve, a popular spot for recreation and relaxation.
Coburg offers a dynamic blend of cultural richness, historical significance, and modern amenities. Its strong sense of community, diverse housing market, and excellent transport links make it an attractive suburb for a wide range of residents looking for a lively yet comfortable urban lifestyle close to Melbourne’s heart.
