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Northgate
AREA REPORTS

Northgate

Northgate - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5085

house
unit

Property investors have seen a 9.65% gain in NORTHGATE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NORTHGATE, 5085 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 14.75%.

Based on its average 5-year and quarterly capital gains NORTHGATE, 5085 saw average growth in the long term.

The SA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $710,000

Profits averaged 9.12% per annum over a 3-year period, due to an upward trend in home prices in NORTHGATE, 5085.

This means, real estate investors could earn a rental income of $460 based on current median home prices for the suburb.

The gross rental yield in NORTHGATE, 5085 is 3.37%.

An average of 2.42 real estate transactions take place per month in NORTHGATE which translates to 29 per annum.

Data report can be found below

Northgate
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $710,000 $450,000
GROWTH REPORT
Median Quarterly 9.65% 6.07%
Median 12 month 14.75% 10.57%
Median 3 years 27.35% N/A
Median 5 years 22.84% N/A
10 years average annual 2.88% 10.57%
Weekly media advert. rent $460 N/A
Time on Market 29.4 days 71.7 days
Gross Rental Yield Percent 3.37% N/A
demographics (median values)*
Total Population
19974
Weekly Household Income
1296
Household Size
2.50
Age
34
Monthly Loan Repayment
1700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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