With a capital gain of 4.40% for the last 12 months, Northgate, 5085 has performed for property investments than its average annual 4.76% property growth over the last 5 years.
Across a shorter period, Northgate, 5085 has seen a median price increase of -1.42% over the last quarter.
Property investors looking for a bargain in Northgate should be aiming for at least -5.09% off the asking price, which is the average vendor discount being achieved at the moment.
Northgate, 5085’s gross rental yield is 3.88%
SA has seen average median house prices change by 1.89% which means that Northgate, 5085 has done well for property investors by showing a capital gain of -6.88% over the last year
Northgate,5085 was ranked 521 in Australia by increase in median property value over the quarter.
Vendor discounting in Northgate is giving property investors an average Vendor Discount of around -6.52%. This puts suburb at number 70th in SA when ranking the most discounted suburbs.
At number 905 in a list of fastest selling suburbs, Northgate is in the bottom 40% of suburbs in Australia with an average of days on market 82 for properties listed there.
Advertised rents are around the $380 mark per week – giving a return of 4.87% based on the median price in Suburb