VIC/
Northcote

Suburb Profile

Northcote - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3070

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A steady increase in median property prices over a five-year period in the suburb translates to a 40.86% capital gain.

Property investors in NORTHCOTE enjoyed capital gains of 4.09% 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 $1,337,500.

Profits due to an upward trend in home prices there averaged 13.62% per annum over a 3-year period.

Home owners selling their properties and realtors in NORTHCOTE usually have to wait an average of 58.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $630 mark, reflecting a 2.45% increase in returns based on the current median price in NORTHCOTE.

NORTHCOTE, 3070 places 430th in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,337,500 $544,375
GROWTH REPORT
Median Quarterly 0.79% 3.49%
Median 12 month 4.09% 8.12%
Median 3 years 40.86% 12.24%
Median 5 years 73.59% 18.47%
10 years average annual 8.14% 3.57%
Weekly media advert. rent $630 $415
Time on Market 58.0 days 74.0 days
Gross Rental Yield Percent 2.45% 3.96%
demographics (median values)
Total Population
22063
Weekly Household Income
1123
Household Size
2.30
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Northcote, VIC
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