Property investors who have had real estate in Northmead, 2152 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.71%
Taking the average capital gain, or increase in median house value, Northmead,2152 has racked up an average of -4.71% over the period. This ranks it number 717th in the whole country for real estate investors looking at median house price increases.
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 Northmead itself are offering an average vendor discount of -5.11% to real estate investors.
Renters in Suburb are facing rents around $6150 per annum or $512.5 every week.
Property investors who have had real estate in Northmead, 2152 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.93%
Northmead,2152 has offered an average of 5.93% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Northmead is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 235th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 9.92 sales per month, which equates to 119 per year.