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Northbridge
AREA REPORTS

Northbridge

Northbridge - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2063

house
unit

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 $4,654,444.

The upward trend in home prices in NORTHBRIDGE, 2063 averaged 13.4% per annum over a 3-year period.

Average weekly rents on listings have reached the $1250 mark, reflecting a 1.4% increase in returns based on the current median price in NORTHBRIDGE.

An average of 7.5 real estate transactions take place per month in NORTHBRIDGE which translates to 90 per annum.

90 properties were sold in NORTHBRIDGE in 2016, making it the 61st most active market in NSW based on total real estate transactions.

NORTHBRIDGE, 2063 places 1202nd in Australia based on median property value growth during the quarter.

Data report can be found below

Northbridge
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $4,654,444 $1,450,000
GROWTH REPORT
Median Quarterly 2.07% 7.01%
Median 12 month 28.93% 18.37%
Median 3 years 40.19% 32.91%
Median 5 years 54.5% 21.34%
10 years average annual 12% 9.74%
Weekly media advert. rent $1250 $575
Time on Market 76.1 days 55.3 days
Gross Rental Yield Percent 1.4% 2.06%
demographics (median values)*
Total Population
6347
Weekly Household Income
3344
Household Size
3.00
Age
42
Monthly Loan Repayment
3500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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