Northcote has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.48% to date .
Over the longer term, Northcote has seen property prices show investors a 46.25% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Northcote itself are offering an average vendor discount of -5.35% to real estate investors.
Residents and property investors in Northcote have been waiting around 63.39 days to sell a property.
Northcote is 492th on a list of best yielding suburbs for rents in VIC with a 2.55% return
At number 1200th in the list of Australian suburbs ordered by increase in median house value over the last year, Northcote, 3070 is in the BOTTOM 40% with a property value increase of -1.46% recorded in median house prices.
While Northcote,3070 ranked number 228th in VIC for increase in median house value (annualised) increase, it is ranked 245th over the last 5 years.
Property buyers and investors in Northcote 3070 should be seeing an average reduction in asking price of around -4.08% . This means that Northcote is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $380 mark per week – giving a return of 3.89% based on the median price in Suburb