Northcote, 3070 ranked 162th in VIC when comparing growth in median property values or capital gain over the last 12 months. Northcote is one of 2098 in our list for VIC
Northcote,3070 has offered an average of 16.88% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Northcote are currently offering property investors an average price cut of -6.28% below the asking price at the moment.
Northcote, 3070’s gross rental yield is 2.40%
Northcote is in the bottom 30% in VIC when comparing median price capital growth over the last year. Northcote gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.20%.
Over the longer term, Northcote has seen property prices show investors a -0.20% return over the last 3 years. This is the same as over the last 12 months
Sellers are offering property buyers an average discount of -4.31% to buyers in Northcote at the moment, which is less than average for the rest of VIC.
Residents and property investors in Northcote have been waiting around 83.03 days to sell a property.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.50%, investors should hope to achieve an overall return of 3.96%