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Northcote
AREA REPORTS

Northcote

Northcote - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3070

house
unit

Homeowners and real estate investors betting on NORTHCOTE, 3070 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 19.38%.

A steady increase in median property prices over a five-year period in the suburb translates to a 33.03% capital gain.

Property investors in NORTHCOTE enjoyed capital gains of 19.38% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,740,000.

Profits due to an upward trend in home prices there averaged 11.01% per annum over a 3-year period.

Home owners selling their properties and realtors in NORTHCOTE usually have to wait an average of 51.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $662.5 mark, reflecting a 1.98% increase in returns based on the current median price in NORTHCOTE.

NORTHCOTE, 3070 places 561st in Australia based on median property value growth during the quarter.

Data report can be found below

Northcote
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,740,000 $700,000
GROWTH REPORT
Median Quarterly 2.05% 6.06%
Median 12 month 19.38% 7.9%
Median 3 years 33.03% 31.83%
Median 5 years 49.94% 40.28%
10 years average annual 8.31% 4.25%
Weekly media advert. rent $662.5 $410
Time on Market 51.5 days 57.1 days
Gross Rental Yield Percent 1.98% 3.05%
demographics (median values)*
Total Population
24561
Weekly Household Income
1868
Household Size
2.40
Age
36
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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