At number 2836th in the list of Australian suburbs ordered by increase in median house value over the last year, Northgate, 5085 is in the BOTTOM 40% with a property value increase of 1.94% recorded in median house prices.
Northgate,5085 was ranked 1250 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.42% offered to property buyers. Sellers in Northgate itself are offering an average vendor discount of -5.24% to real estate investors.
Residents and property investors in Northgate have been waiting around 83.37 days to sell a property.
Using the current median advertised rental of $392.5 and the average annual increase in value of a median property of 5.01%, investors should hope to achieve an overall return of 3.89%
Northgate, 5085 ranked 107th in SA when comparing growth in median property values or capital gain over the last 12 months. Northgate is one of 836 in our list for SA
Over the longer term, Northgate has seen property prices show investors a 2.98% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Northgate 5085 should be seeing an average reduction in asking price of around -7.91% . This means that Northgate is holding prices well when compared to other suburbs in SA.
The SA suburb of Northgate, 5085 is in the Port Adelaide Enfield local government area.