Northgate is in the TOP 20% in QLD when comparing median price capital growth over the last year. Northgate gave property investors a very good capital gain figure when compared to the rest of the state, with 9.39%.
Taking the average capital gain, or increase in median house value, Northgate,4013 has racked up an average of 9.39% over the period. This ranks it number 1701th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.23% offered to property buyers. Sellers in Northgate itself are offering an average vendor discount of -5.79% to real estate investors.
At number 1216 in a list of fastest selling suburbs, Northgate is in the TOP 40% of suburbs in Australia with an average of days on market 64.91 for properties listed there.
If you compare the increase in value of investment property in Northgate, 4013 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.00%.
While Northgate,4013 ranked number 249th in QLD for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.
At number 128th of QLD’s most discounted properties, Northgate is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 59 properties changed hands in Northgate, which puts it as the 154th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $382.5 and the average annual increase in value of a median property of 5.21%, investors should hope to achieve an overall return of 4.78%