Market snapshot
Suburb insights for Coolaroo3048
Change suburbCoolaroo is located 18 km north of the CBD. Coolaroo is an industrial and residential suburb in Melbourne's outer north. Major employers include Australian Consolidated Hosiery Visy and Greer Industries. Like a number of suburbs in this part of Melbourne the population has decreased and aged significantly over the 1981-1996 period. Coolaroo also features Progress Reserve and a number of smaller parks.
Sales data
Median sale price
$577k
Annual price change
8.2%
Metro Melbourne Comparison
$923k
-2%
| Bedrooms | Coolaroo | Metro comparison |
|---|---|---|
| 2 | - | $881,200 |
| 3 | $569,944 | $810,000 |
| 4 | - | $942,350 |
| Insight | Coolaroo | Metro comparison |
|---|---|---|
| Clearance rate | 78.5% | |
| Days on market | 42 |
Rental data
Median weekly rent
$495
Rental yield
4.5%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Coolaroo | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $500 | $550 |
| 4 | - | $600 |
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