Giving property investors a a solid capital gain of 11.74% for the last year, Northcote, 3070 is the 821th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Northcote has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Northcote should be aiming for at least -4.16% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Northcote being $1123000 and the advertised rent reaching $560 the gross rental yield for property investors calculates out to be 2.59%
Northcote has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.52% to date .
Northcote,3070 has offered an average of 1.52% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Northcote 3070 should be seeing an average reduction in asking price of around -5.14% . This means that Northcote is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Northcote the average time real estate has been on the market is 71.92 days.
Northcote is 234th on a list of best yielding suburbs for rents in VIC with a 3.85% return