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MOMENTUM
MEDIA
Property investments in NORTHFIELD fare well against the rest of the country last year, registering a median home price increase of 9.68%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains NORTHFIELD, 5085 saw average growth in the long term.
Real estate investors could earn a rental income of $640 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 56.6 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $850,000.
NORTHFIELD ranks 130th on the list of best yielding suburbs for rental properties in SA, posting a 3.92% return.
Northfield is a well-established suburb situated approximately 10 kilometres north of Adelaide’s central business district (CBD). It is part of the City of Port Adelaide Enfield and is known for its family-friendly environment, affordable housing, and easy access to both the city and surrounding areas. Northfield is popular with families, professionals, and retirees seeking a suburban lifestyle with access to essential services and green spaces.
With a population of around 3,000 people, Northfield is a diverse suburb featuring a mix of older homes, newer developments, and modern townhouses. The area has seen recent growth with new housing estates attracting young families and professionals, making it a suburb that offers a mix of traditional and contemporary living options.
Public transportation in Northfield is convenient, with several bus routes servicing the area and providing direct access to Adelaide’s CBD and nearby suburbs. The suburb is also close to major roads such as Main North Road and Hampstead Road, making commuting by car easy for residents. Its proximity to key transport routes ensures that Northfield remains well-connected to both the city and other northern suburbs.
he Northgate Shopping Centre, located just a short drive away, making it a convenient destination for everyday shopping. Residents have access to larger shopping centres in nearby suburbs, such as the Churchill Centre, which offers a wider range of retail outlets and dining options.
The suburb is home to the popular Stockade Botanical Park, which offers walking trails, picnic areas, and beautifully landscaped gardens, making it a favourite spot for families and nature lovers. Additionally, the nearby Dry Creek Linear Park offers further opportunities for cycling, walking, and outdoor activities, contributing to Northfield’s active, family-friendly environment.
Northfield is well-serviced by a range of educational facilities, such as Northfield Primary School and Cedar College, which offer quality education for children of different ages. The availability of both public and private schools makes Northfield an appealing choice for families seeking convenient access to education.
Healthcare services in Northfield are easily accessible. The nearby Lyell McEwin Hospital in Elizabeth and the Royal Adelaide Hospital provide specialist services and emergency care, ensuring residents have access to quality medical treatment.
Northfield’s proximity to natural reserves and parks, combined with its suburban tranquillity, makes it a desirable location for those seeking a relaxed lifestyle within easy reach of the city. The suburb offers a strong sense of community, with local events and activities contributing to its welcoming atmosphere.