Giving property investors a a poor capital gain of -15.29% for the last year, Northam, 6401 is the 3774th highest performer in Australia in this respect.
While Northam,6401 ranked number 458th in WA for increase in median house value (annualised) increase, it is ranked 412th over the last 5 years.
The most recent median price for Northam is $180000, with sellers offering an average of -13.70% off the asking price.
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Northam, WA – House stock rises in Avon Valley
Median house price: $200,000
Stock on market: 21.1%
12-month growth: -4%
The suburb of Northam, located within the largest town in the Avon Valley, has been known as the biggest inland town in Western Australia whose economy was not driven by mining.
Instead, the suburb has a strong bent towards tourism, with attractions like hot air ballooning and museums drawing visitors. Northam has a notable food scene as well, with wineries, cafes and restaurants to visit.
Northam Senior High School has been established in the suburb. It also serves the majority of the western Wheatbelt region, with the local railway station being a major transport junction. Housing stock levels rose in the 12 months to July 2019 from 226 to 272.