NSW, SA Snag Lion’s Share Of Budget Infrastructure Spending
NSW, SA and Victoria have snagged the lion’s share of infrastructure spending in the latest federal budget. ...
NORTHBRIDGE, 2063 ranks 565th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.11% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $3,585,000.
The upward trend in home prices in NORTHBRIDGE, 2063 averaged 2.57% per annum over a 3-year period.
Average weekly rents on listings have reached the $1200 mark, reflecting a 1.74% increase in returns based on the current median price in NORTHBRIDGE.
An average of 5.67 real estate transactions take place per month in NORTHBRIDGE which translates to 68 per annum.
68 properties were sold in NORTHBRIDGE in 2016, making it the 204th most active market in NSW based on total real estate transactions.
NORTHBRIDGE, 2063 places 844th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.11%||N/A|
|Median 3 years||7.72%||N/A|
|Median 5 years||37.88%||N/A|
|10 years average annual||8.14%||N/A|
|Weekly media advert. rent||$1200||N/A|
|Time on Market||73.9 days||N/A|
|Gross Rental Yield Percent||1.74%||N/A|