Over the last year, property investments in Northcote, 3070 have given investors a capital gain of 15.38%. This compares very favourably with the 8.12% for VIC as a whole.
Northcote,3070 has offered an average of 15.38% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Northcote is giving property investors an average Vendor Discount of around -5.35%. This puts suburb at number 330th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $580 and the average annual increase in value of a median property of 10.24%, investors should hope to achieve an overall return of 2.51%
If you compare the increase in value of investment property in Northcote, 3070 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.26%.
If we look at median property appreciation over just the last three months, Northcote has given property investors a paper return of 1.75%. This puts Suburb as 126 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Northcote itself are offering an average vendor discount of -4.17% to real estate investors.
The VIC suburb of Northcote, 3070 is in the Darebin local government area.