Investment property in Northcote has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.94%
When looking at the potential capital gains offered to property investors over the last 3 years, Northcote comes in at number 51th in VIC.
Sellers are offering property buyers an average discount of -5.49% to buyers in Northcote at the moment, which is less than average for the rest of VIC.
In the last year 269 properties changed hands in Northcote, which puts it as the 76th most active market in VIC when comparing the number of sales per suburb.
Northcote is 509th on a list of best yielding suburbs for rents in VIC with a 2.41% return
Property investors who have had real estate in Northcote, 3070 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.80%
Northcote,3070 was ranked 1189 in Australia by increase in median property value over the quarter.
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 Northcote, 3070. Typically our figures indicate that -3.47% is being offered, which puts this VIC suburb at 1217th most discounted overall in Australia.
The VIC suburb of Northcote, 3070 is in the Darebin local government area.