Suburb Profile Report for Northmead NSW (2152)

Northmead House: Median price $1,091,500, Annual capital growth 9.39%, Number of sales 100, Weekly median advertised rent $520

Northmead Unit: Median price $635,000, Annual capital growth 6.27%, Number of sales 109, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Northmead 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 16.74%

While Northmead,2152 ranked number 459th in NSW for increase in median house value (annualised) increase, it is ranked 199th 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 -5.22% offered to property buyers. Sellers in Northmead itself are offering an average vendor discount of -3.64% to real estate investors.

Situated 20.83km from the CBD, Northmead is one of Parramatta localities in the postcode 2152.

Northmead is an average performer in NSW when comparing median price capital growth over the last year. Northmead gave property investors a average capital gain figure when compared to the rest of the state, with 9.29%.

Over the longer term, Northmead has seen property prices show investors a 30.79% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Northmead 2152 should be seeing an average reduction in asking price of around -4.14% . This means that Northmead is holding prices well when compared to other suburbs in NSW.

In the last year 109 properties changed hands in Northmead, which puts it as the 144th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 6.27%, investors should hope to achieve an overall return of 3.69%

Metrics i HOUSE UNIT
$1,091,500 $635,000
3.46% 0.00%
16.74% 9.29%
9.39% 6.27%
$520 $450
100 109
2.48% 3.69%
39.87 47.98

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10223
Median household income ($/weekly) 1389
Median age of persons 37
Median housing loan repayment ($/monthly) 2300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1101 10.8
    25-34 years 1682 16.4
    35-44 years 1605 15.7
    45-54 years 1162 11.4
    55-64 years 1048 10.2
    Others 3627 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 4003 51.4
    Not Married 3165 40.6
    Defacto Relationship 627 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 6763 68.6
    Croatia 235 2.4
    Indonesia 263 2.7
    United Kingdom 345 3.5
    Other 708 7.2
    Others 1548 15.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 214 2.3
    Christianity 6804 71.7
    Hinduism 288 3.0
    Islam 497 5.2
    No Religion 1552 16.3
    Others 141 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 363 9.8
    $600-$799 317 8.5
    $1,500-$1,999 472 12.7
    $2,000-$2,499 382 10.3
    $2,500-$2,999 357 9.6
    Others 1826 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3457 43.6
    Not in the labour force 2660 33.6
    Employed, worked part-time 1330 16.8
    Employed, away from work 242 3.1
    Unemployed, looking for work 238 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 704 14.0
    Professionals 1437 28.6
    Technicians & trades workers 571 11.4
    Clerical & administrative workers 893 17.8
    Sales 436 8.7
    Others 987 19.6
    Occupation
    Census Count Percent(%)
    Pre-school 218 9.9
    Infants/Primary 738 33.5
    Secondary 483 21.9
    Technical or Further Educational Institution 230 10.4
    University or other Tertiary Institutions 444 20.2
    Others 88 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5965 61.1
    Flat, unit or apartment 2238 22.9
    Semi-detached, row or terrace house, townhouse 1550 15.9
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1356 34.5
    Rented 1251 31.8
    Fully owned 1183 30.1
    Other tenure type 145 3.7
    Tenure Type
Census 2011, ABS
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