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VIC › Coburg › New Development

COBURG New Development, Coburg VIC 3058

For saleApartment

$589,900–$960,000

For sale

Asking range

1

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $589,900–$960,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $589,900–$960,000(Listing record · 11 May 2026)
  • CalculationAsk is 49% below the Coburg median recorded sale ($1,153,000, n=9, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Coburg's advertised median rent ($582/wk), implied gross yield would be 5.13% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$589,900–$960,000

Asking range

No recorded sale for this property.

Coburg at a glance

29,470

People

$1,153,000

Median sale

$582/wk

Median rent

2.62%

Suburb gross yield

Median sale from 9 recorded sales (last 12 months) — a Districts calculation.

See the full Coburg report →

Vs Coburg

-48.8%

Median sale

Suburb $1,153,000

+2.51 pp

Gross yield

Suburb 2.62%

Suburb median $1,153,000 from 9 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$589,900
Stamp Duty (Victoria)
$30,464
Transfer/Registration Fee
$1,483
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$625,547

$35,647 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Coburg's advertised median rent — not a rent for this listing.

Net yield
3.63%
Annual cashflow (pre-tax)
$-9,259
Interest cover (DSCR)
0.70
Annual rent
$30,264
Operating expenses
$8,849
Loan amount
$471,920
Annual interest
$30,675
Gross yield
5.13%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$589,900–$960,000available11 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $582/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 5.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Coburg in one glance

Coburg at a glance

29,470

People

$1,153,000

Median sale

$582/wk

Median rent

2.62%

Suburb gross yield

Median sale from 9 recorded sales (last 12 months) — a Districts calculation.

See the full Coburg report →

Keep researching

  • Why Coburg? Read the area thesis →
  • What else is on the market in Coburg →
  • Other records on New Development →

Listing material

Listed by Red & Grey Realty

1 Bedroom, 1 Bathroom and 2 Bedroom, 1 Bath, 1 Car and 2 Bedroom 2 Bathroom 1 Car

*Please be advised that some lots/units may need confirmation of pricing and availability. Kindly ensure to check pricing and availability first by emailing or phoning us*

Discover a new standard of inner-north living in the heart of Coburg — a thoughtfully master planned residential community that blends urban convenience with the comfort of beautifully designed homes. Surrounded by some of Coburg’s most established residential streets, this vibrant precinct offers a connected, walkable lifestyle immersed in culture, green space, dining and transport.

Architecturally designed with a focus on timeless design and sustainable living, the precinct features four contemporary mid-rise buildings centered around a lush landscaped courtyard and integrated public parkland. Inspired by Coburg’s rich heritage, the architecture combines warm brickwork, refined metal detailing and expansive glazing to create a sophisticated yet welcoming aesthetic.

Read the full description

Designed to feel like a private urban retreat, residents enjoy a seamless balance between vibrant city energy and peaceful green surroundings. Landscaped gardens, tree-lined spaces and thoughtfully curated communal areas enhance everyday living while promoting connection, wellbeing and sustainability.

Inside, each apartment has been crafted to truly feel like home. Spacious layouts, high ceilings, engineered timber flooring, stone benchtops, generous balconies and abundant natural light combine to create refined, functional spaces with a strong connection to the outdoors. A boutique collection of 1 and 2 bedroom apartments is available, catering to modern lifestyles with premium finishes and intelligent design throughout.

Located within one of Melbourne’s most culturally diverse and fast-growing neighborhoods, residents are moments from Sydney Road’s renowned cafés, restaurants, bars, bakeries, supermarkets and specialty grocers. The area’s multicultural character is reflected in its vibrant food scene, local businesses and strong sense of community.

The precinct also offers exceptional connectivity, with easy access to tram services, train stations, bike paths, walking trails, parks and recreational facilities, making everyday living effortless and highly accessible.

A limited boutique release of just 34 apartments presents an exclusive opportunity for accredited wholesale channel partners to access premium stock within this highly anticipated residential community.

Project Highlights:

- Architecturally designed residential precinct with integrated landscaping and parkland

- Boutique collection of premium 1 & 2 bedroom apartments

- Limited release of just 34 apartments

- Selection of north-facing residences and some with CBD views

- Landscaped central courtyard and new public park

- Walkable lifestyle with immediate access to cafés, dining, retail and transport

- Connected to bike paths, parks and recreational amenities

- Sustainable, community-focused design

- Construction anticipated to commence early 2026

- Estimated completion Q3 2027

- Rare wholesale partnership opportunity within a landmark inner-north project

Enquire today to request agent accreditation and wholesale access information.

*Please be advised that some lots/units may need confirmation of pricing and availability. Kindly ensure to check pricing and availability first by emailing or phoning us*

Disclaimer:

Please check limited Promotion on select apartments and enquire which is applicable to your preferred apartment

All images, floor plans, and price information are provided as a guide only and are subject to change without notice. Illustrations and visual representations may include upgraded finishes, furnishings, and features that are not part of the standard inclusion.. Prices are correct at the time of publication and are subject to availability and change. Interested parties must confirm availability, pricing, and specifications with Red & Grey Realty prior to making any purchase decision. Red & Grey Realty does not guarantee the accuracy of information provided by third parties and recommends that all buyers conduct their own due diligence. This information does not constitute legal, financial, or investment advice.

Property Code: 309

Listing description written by Kim Robinson, Red & Grey Realty — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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