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The suburb’s capital gain of -10% for the past year is lower than average compared to its 19.97% growth within a five-year period.
Also in NORTHGATE, the median home price is sitting at $630,000, and the average rent at $400, this suggests property owners could potentially earn a 3.3% increase in gross rental yield.
Property investors have seen a -1.56% drop in NORTHGATE based on a decrease 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 2.86% growth over a ten-year period. It ranks 2495th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $630,000 | $414,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.56% | 7.53% |
| Median 12 month | -10% | 16.62% |
| Median 3 years | 4.13% | -2.58% |
| Median 5 years | 19.97% | 8.95% |
| 10 years average annual | 2.86% | 2.67% |
| Weekly media advert. rent | $400 | $367.5 |
| Time on Market | 63.1 days | 82.4 days |
| Gross Rental Yield Percent | 3.3% | 4.62% |
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