Suburb Profile Report for Northgate SA (5085)

Northgate House: Median price $520,000, Annual capital growth 4.66%, Number of sales 92, Weekly median advertised rent $395

Northgate Unit: Median price $405,500, Annual capital growth 4.28%, Number of sales 17, Weekly median advertised rent $380

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

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Over the last year, property investments in Northgate, 5085 have given investors a capital gain of -2.26%. This compares very badly with the 4.81% for SA as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Northgate has increased when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Northgate, 5085. Typically our figures indicate that -5.00% is being offered, which puts this SA suburb at 2336th most discounted overall in Australia.

On average over the past year, suburb has had 7.67 sales per month, which equates to 92 per year.

Advertised rents are around the $395 mark per week – giving a return of 3.95% based on the median price in Suburb

Giving property investors a a poor capital gain of -6.78% for the last year, Northgate, 5085 is the 1499th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Northgate has given property investors a paper return of 1.19%. This puts Suburb as 79 on a list of fastest fasting appreciating suburbs in SA

Our latest figures would indicate that property sellers in Northgate are currently offering property investors an average price cut of -6.33% below the asking price at the moment.

Advertised rents are around the $380 mark per week – giving a return of 4.87% based on the median price in Suburb

HOUSE UNIT
$520,000 $405,500
-2.39% 1.19%
-2.26% -6.78%
-5.45% 0.12%
7.22% 10.19%
4.66% 4.28%
$395 $380
92 17
3.95% 4.87%
72.14 80.69
Source: RP Data
DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3578
Median household income ($/weekly) 1869
Median age of persons 33
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 348 9.7
    5-14 years 503 14.1
    25-34 years 672 18.8
    35-44 years 657 18.4
    45-54 years 453 12.7
    Others 945 26.4
    Age Group
    Census Count Percent(%)
    Registered Married 1504 60.2
    Not Married 765 30.6
    Defacto Relationship 230 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2431 70.0
    Croatia 123 3.5
    United Kingdom 146 4.2
    Viet Nam 114 3.3
    Other 167 4.8
    Others 493 14.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 113 3.4
    Christianity 2069 62.2
    Hinduism 92 2.8
    Islam 68 2.0
    No Religion 928 27.9
    Others 59 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 102 9.4
    $1,500-$1,999 181 16.7
    $2,000-$2,499 177 16.3
    $2,500-$2,999 117 10.8
    $3,000-$3,499 112 10.3
    Others 394 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1331 50.4
    Not in the labour force 610 23.1
    Employed, worked part-time 523 19.8
    Employed, away from work 104 3.9
    Unemployed, looking for work 72 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 276 14.1
    Professionals 556 28.4
    Technicians & trades workers 227 11.6
    Community & personal service workers 182 9.3
    Clerical & administrative workers 337 17.2
    Others 383 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 73 7.7
    Infants/Primary 377 40.0
    Secondary 224 23.8
    Technical or Further Educational Institution 64 6.8
    University or other Tertiary Institutions 187 19.8
    Others 18 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2929 87.1
    Semi-detached, row or terrace house, townhouse 424 12.6
    Flat, unit or apartment 9 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 691 58.9
    Rented 271 23.1
    Fully owned 205 17.5
    Other tenure type 6 0.5
    Tenure Type
Census 2011, ABS
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