Giving property investors a a solid capital gain of 18.35% for the last year, Northbridge, 2063 is the 387th highest performer in Australia in this respect.
While Northbridge,2063 ranked number 450th in NSW for increase in median house value (annualised) increase, it is ranked 22th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Northbridge itself are offering an average vendor discount of -10.80% to real estate investors.
On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.
Using the current median advertised rental of $1350 and the average annual increase in value of a median property of 9.02%, investors should hope to achieve an overall return of 2.18%
Over the last year, property investments in Northbridge, 2063 have given investors a capital gain of -12.66%. This compares very badly with the 6.07% for NSW as a whole.
Northbridge,2063 was ranked 1658 in Australia by increase in median property value over the quarter.
Northbridge is 481th on a list of best yielding suburbs for rents in NSW with a 3.38% return