Suburb Profile Report for Northbridge NSW (2063)

Northbridge House: Median price $2,775,000, Annual capital growth 7.79%, Number of sales 74, Weekly median advertised rent $1,350

Northbridge Unit: Median price $1,072,500, Annual capital growth 8.62%, Number of sales 22, Weekly median advertised rent $650

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Northbridge have tracked higher than the NSW average of 7.15% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Northbridge has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Northbridge is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 143th in terms of most discounted suburbs in NSW

Advertised rents are around the $1350 mark per week – giving a return of 2.53% based on the median price in Suburb

Investment property in Northbridge has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.20%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Northbridge has increased when compared to the 5 year average annual rate.

In the last year 22 properties changed hands in Northbridge, which puts it as the 413th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Northbridge being $1072500 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 3.15%

HOUSE UNIT
$2,775,000 $1,072,500
6.73% 15.95%
17.34% 16.20%
7.79% 8.62%
$1,350 $650
74 22
2.53% 3.15%
64.94 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5931
Median household income ($/weekly) 2628
Median age of persons 40
Median housing loan repayment ($/monthly) 3250
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1017 17.1
    25-34 years 454 7.7
    35-44 years 865 14.6
    45-54 years 909 15.3
    55-64 years 794 13.4
    Others 1893 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 2574 61.1
    Not Married 1432 34.0
    Defacto Relationship 206 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4149 72.5
    India 111 1.9
    Papua New Guinea 127 2.2
    United Kingdom 344 6.0
    Other 243 4.2
    Others 746 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 138 2.5
    Christianity 3895 70.1
    Hinduism 21 0.4
    Judaism 81 1.5
    No Religion 1396 25.1
    Others 22 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 162 9.3
    $2,500-$2,999 324 18.5
    $3,000-$3,499 159 9.1
    $3,500 -$3,999 127 7.3
    $4,000 or more 343 19.6
    Others 632 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1748 40.1
    Not in the labour force 1418 32.6
    Employed, worked part-time 943 21.7
    Employed, away from work 147 3.4
    Unemployed, looking for work 98 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 584 20.6
    Professionals 1189 41.9
    Community & personal service workers 186 6.5
    Clerical & administrative workers 389 13.7
    Sales 207 7.3
    Others 286 10.1
    Occupation
    Census Count Percent(%)
    Pre-school 170 9.4
    Infants/Primary 699 38.7
    Secondary 477 26.4
    Technical or Further Educational Institution 71 3.9
    University or other Tertiary Institutions 353 19.6
    Others 35 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4765 84.1
    Flat, unit or apartment 584 10.3
    Semi-detached, row or terrace house, townhouse 293 5.2
    House or flat attached to a shop, office 21 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 939 48.1
    Being purchased 595 30.5
    Rented 405 20.7
    Other tenure type 13 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals