The suburb’s capital gain of 1.5% for the past year is lower than average compared to its 53.41% growth within a five-year period.
Also in NORTHGATE, the median home price is sitting at $675,000, and the average rent at $420, this suggests property owners could potentially earn a 3.24% increase in gross rental yield.
Property investors have seen a 1.5% gain in NORTHGATE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.38% growth over a ten-year period. It ranks 1071st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.5%||-16.57%|
|Median 3 years||19.79%||-6.73%|
|Median 5 years||53.41%||-6.42%|
|10 years average annual||6.38%||2.07%|
|Weekly media advert. rent||$420||$370|
|Time on Market||65.4 days||90.4 days|
|Gross Rental Yield Percent||3.24%||5.5%|