Suburb Profile Report for Northgate QLD (4013)

Northgate House: Median price $675,000, Annual capital growth 8.26%, Number of sales 65, Weekly median advertised rent $415

Northgate Unit: Median price $375,000, Annual capital growth 4.03%, Number of sales 45, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 1191th in the list of Australian suburbs ordered by increase in median house value over the last year, Northgate, 4013 is in the top 30% with a property value increase of 9.22% recorded in median house prices.

Over the longer term, Northgate has seen property prices show investors a 20.54% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.19% to buyers in Northgate at the moment, which is less than average for the rest of QLD.

The QLD suburb of Northgate, 4013 is in the Brisbane local government area.

Northgate is in the bottom 10% in QLD when comparing median price capital growth over the last year. Northgate gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.61%.

The five-year average increase in median property values for Northgate,4013 has given property investors a potential capital gain of 1.35% across each of those five years.

Property investors looking for a bargain in Northgate should be aiming for at least -5.93% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $380 mark per week – giving a return of 5.27% based on the median price in Suburb

HOUSE UNIT
$675,000 $375,000
1.50% -5.06%
9.22% -10.61%
8.26% 4.03%
$415 $380
65 45
3.20% 5.27%
59.76 85.06

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 4304
Median household income ($/weekly) 1404
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 428 9.9
    25-34 years 838 19.5
    35-44 years 717 16.7
    45-54 years 561 13.0
    55-64 years 439 10.2
    Others 1320 30.7
    Age Group
    Census Count Percent(%)
    Not Married 1545 47.2
    Registered Married 1267 38.7
    Defacto Relationship 462 14.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3108 76.4
    Indonesia 131 3.2
    Papua New Guinea 206 5.1
    United Kingdom 156 3.8
    Other 159 3.9
    Others 306 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 1.4
    Christianity 2643 67.5
    Hinduism 60 1.5
    Other Religious Groups 95 2.4
    No Religion 1015 25.9
    Others 46 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 145 9.2
    $1,250-$1,499 140 8.9
    $1,500-$1,999 202 12.8
    $2,000-$2,499 160 10.1
    $2,500-$2,999 146 9.3
    Others 784 49.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1614 47.5
    Not in the labour force 830 24.4
    Employed, worked part-time 653 19.2
    Employed, away from work 155 4.6
    Unemployed, looking for work 144 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 275 11.3
    Professionals 610 25.2
    Technicians & trades workers 284 11.7
    Clerical & administrative workers 414 17.1
    Labourers 241 9.9
    Others 601 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 55 6.1
    Infants/Primary 301 33.3
    Secondary 175 19.4
    Technical or Further Educational Institution 73 8.1
    University or other Tertiary Institutions 249 27.6
    Others 50 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2870 70.6
    Flat, unit or apartment 827 20.3
    Semi-detached, row or terrace house, townhouse 366 9.0
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 733 43.5
    Being purchased 568 33.7
    Fully owned 380 22.6
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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