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%