Property investors have seen a -3.81% drop in NORTHGATE based on a decrease in median home prices for the past three months.
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 $567,500
Profits averaged 1.12% 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 $415 based on current median home prices for the suburb.
The gross rental yield in NORTHGATE, 5085 is 3.8%.
An average of 3.92 real estate transactions take place per month in NORTHGATE which translates to 47 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.8%||N/A|
|Median 3 years||3.37%||N/A|
|Median 5 years||16.59%||N/A|
|10 years average annual||3.32%||N/A|
|Weekly media advert. rent||$415||N/A|
|Time on Market||76.3 days||N/A|
|Gross Rental Yield Percent||3.8%||N/A|