property
Bayfront Median Prices Surge 14 Percent, Outpacing Other Coburg Areas
Median sale prices in the coastal suburb climbed 14 percent through the first half of 2026, outpacing other Coburg neighborhoods.
How we reported this
Bayfront posted a median detached home price of $892,000 in the June quarter, up from $782,000 at the end of December, according to figures compiled by the Coburg Real Estate Board.
The jump comes as buyers seek stable waterfront holdings while global shipping routes face repeated disruptions. Local agents report steady inquiries from investors who previously looked at inner-city stock but now favor direct water access that holds value through market swings.
Streets and sites driving the shift
Properties along Seaview Terrace and the redeveloped Coburg Marina slips have accounted for most of the recent contracts. The Coburg Waterfront Authority finished upgrades to the public pier at the marina in March, adding 40 new berths and improved lighting that now runs the length of the promenade. Two blocks inland, the former shipyard site on Anchor Road has been rezoned for mixed residential use, with the first stage of 68 townhouses due for completion next spring.
Buyers cite the new ferry stop at the marina and the daily produce market run by the Coburg Harbour Traders Association as practical draws that support year-round foot traffic. Both facilities sit within a five-minute walk of the core residential streets where price growth has concentrated.
Transaction evidence and next steps
Twenty-three waterfront listings settled in Bayfront between January and June, compared with 17 in the same period last year. The fastest sale was a three-bedroom cottage on Seaview Terrace that cleared at $1.05 million after nine days on market in late May. Comparable non-waterfront homes in adjacent Coburg pockets averaged 32 days to contract over the same stretch.
Prospective buyers should review current listings through the Coburg Real Estate Board portal and schedule inspections before the September school holidays, when seasonal demand typically rises. Local conveyancers note that waterfront titles require an extra title search for tidal easements, a step that adds roughly two weeks to settlement timelines.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.