Northcote, 3070 ranked 105th 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 was ranked 484 in Australia by increase in median property value over the quarter.
Property buyers and investors in Northcote 3070 should be seeing an average reduction in asking price of around -6.79% . This means that Northcote is holding prices well when compared to other suburbs in VIC.
In the last year 252 properties changed hands in Northcote, which puts it as the 83th most active market in VIC when comparing the number of sales per suburb.
Over the last year, property investments in Northcote, 3070 have given investors a capital gain of -4.00%. This compares very badly with the 4.83% for VIC as a whole.
While Northcote,3070 ranked number 335th in VIC for increase in median house value (annualised) increase, it is ranked 290th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Northcote is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 241th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $4620 per annum or $385 every week.