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