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 $5,300,000.
The upward trend in home prices in NORTHBRIDGE, 2063 averaged 4.26% per annum over a 3-year period.
Average weekly rents on listings have reached the $1605 mark, reflecting a 1.57% increase in returns based on the current median price in NORTHBRIDGE.
An average of 7.17 real estate transactions take place per month in NORTHBRIDGE which translates to 86 per annum.
86 properties were sold in NORTHBRIDGE in 2016, making it the 76th most active market in NSW based on total real estate transactions.
NORTHBRIDGE, 2063 places 1124th in Australia based on median property value growth during the quarter.
Northbridge is a suburb on the Lower North Shore within the City of Willoughby. It is approximately 6 kilometres north of Sydney's central business district. Northbridge occupies a peninsula that extends into Middle Harbour, surrounded by bushland and water on three sides.
As of the 2021 census, Northbridge had 6,493 residents. The median age was 44, with 20.5% under 15 and 20.9% aged 65 and over. The majority, 67.4%, were born in Australia, followed by England at 4.8% and mainland China at 3.9%. English was the only language spoken at home by 76.5% of residents, with Mandarin and Cantonese being the most common languages.
Public transportation in Northbridge includes several bus routes connecting the suburb to Sydney's CBD and North Sydney. Busways routes 202, 203, 207, 208, and 209 travel through Northbridge via North Sydney, while peak hour routes 204, 205, and 206 operate to the city via the Warringah Freeway. CDC NSW also serves route 194 to Wynyard and Town Hall. A bus stop is at Strathallen Avenue and Sailors Bay Road.
Essential establishments in Northbridge include Northbridge Plaza, a shopping centre featuring around forty stores, including a Woolworths supermarket, a Japanese supermarket, a grocer, a butchery, a bakery, and a chemist. The centre also features various food outlets, cafes, clothing stores, and specialty shops. Several cafes and restaurants along Sailors Bay Road offer diverse dining options, including Indian, Thai, Japanese, and pizza establishments.
For recreation, Northbridge offers multiple parks with harbour views, such as Elizabeth Park, Clive Park, and Hallstrom Point Park. The suburb features an 18-hole harbour-view golf course, a sailing club, a marina, saltwater baths, tennis courts, and various sports clubs. Tunks Park provides barbecues, playing fields, a boat ramp, gym equipment, playgrounds, bush tracks, and extensive parking.
The housing landscape in Northbridge is predominantly separate houses, accounting for 74.1% of dwellings, with flats or apartments comprising 19.2%. The average household size is 2.9 people. As of April 2024, the median house price was $5.2 million, reflecting the suburb's affluent status.
Northbridge's combination of natural beauty, essential amenities, and proximity to Sydney's CBD contributes to its appeal as a desirable residential suburb.