Property investors who have had real estate in Northmead, 2152 should be ok 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 3.83%
While Northmead,2152 ranked number 907th in NSW for increase in median house value (annualised) increase, it is ranked 291th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Northmead is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 639th in terms of most discounted suburbs in NSW
Northmead is 967th on a list of best yielding suburbs for rents in NSW with a 2.82% return
Property value increases in Northmead have tracked just lower than the NSW average of 6.59% over the last 12 months.
Over the longer term, Northmead has seen property prices show investors a 30.93% 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 -3.96% . This means that Northmead is holding prices well when compared to other suburbs in NSW.
In the last year 120 properties changed hands in Northmead, which puts it as the 115th most active market in NSW when comparing the number of sales per suburb.
Situated 21.00km from the CBD, Northmead is one of Parramatta localities in the postcode 2152.