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 Price | $675,000 | $350,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.5% | -5.41% |
| 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% |
If Apra think they are going to lower...
Hopefully this will increase the value...
Great post! I must appreciate that you...