The suburb’s capital gain of 6.95% for the past year is lower than average compared to its 66.76% growth within a five-year period.
Also in NORTHGATE, the median home price is sitting at $711,250, and the average rent at $442.5, this suggests property owners could potentially earn a 3.24% increase in gross rental yield.
Property investors have seen a 5.37% 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 6.1% growth over a ten-year period. It ranks 1181st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.95%||-3.8%|
|Median 3 years||22.63%||-5.68%|
|Median 5 years||66.76%||1.47%|
|10 years average annual||6.1%||2.07%|
|Weekly media advert. rent||$442.5||$377|
|Time on Market||71.2 days||75.7 days|
|Gross Rental Yield Percent||3.24%||5.16%|