If you compare the increase in value of investment property in Northmead, 2152 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.21%.
Taking the average capital gain, or increase in median house value, Northmead,2152 has racked up an average of -2.21% over the period. This ranks it number 470th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Northmead are currently offering property investors an average price cut of -5.20% below the asking price at the moment.
Renters in Suburb are facing rents around $6150 per annum or $512.5 every week.
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 2.54%.
Northmead,2152 was ranked 432 in Australia by increase in median property value over the quarter.
The most recent median price for Northmead is $597300, with sellers offering an average of -4.10% off the asking price.
Northmead is 324th on a list of best yielding suburbs for rents in NSW with a 4.00% return