Northgate has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -6.67% to date .
The five-year average increase in median property values for Northgate,5085 has given property investors a potential capital gain of 3.96% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Northgate itself are offering an average vendor discount of -6.41% to real estate investors.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.