Suburb Profile Report for Northmead NSW (2152)

Northmead House: Median price $1,070,000, Annual capital growth 8.56%, Number of sales 86, Weekly median advertised rent $535

Northmead Unit: Median price $621,500, Annual capital growth 6.00%, Number of sales 121, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

Northmead has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -0.23% to date .

Northmead,2152 was ranked 3341 in Australia by increase in median property value over the quarter.

Property buyers and investors in Northmead 2152 should be seeing an average reduction in asking price of around -6.46% . This means that Northmead is holding prices well when compared to other suburbs in NSW.

The NSW suburb of Northmead, 2152 is in the Parramatta local government area.

Property value increases in Northmead have tracked just lower than the NSW average of 2.79% over the last 12 months.

Comparing Northmead,2152 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Northmead is giving property investors an average Vendor Discount of around -4.28%. This puts suburb at number 297th in NSW when ranking the most discounted suburbs.

Northmead, 2152’s gross rental yield is 3.85%

Information supplied by:


April 2018

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Demand soared in the hilly suburb of Northmead, bringing vacancy rates down from 2.5% in January 2017 down to 1.8% as of January 2018Full summary

Premium suburb is stuffed

Postcode: 2152

Median house price: $1,121,500

Vacancy rate: 1.8%

Three-year growth: 47.6%

Demand soared in the hilly suburb of Northmead, bringing vacancy rates down from 2.5% in January 2017 down to 1.8% as of January 2018.

This premium suburb is 26km west of the Sydney CBD, and is stocked with amenities. Northmead Shopping Centre on Campbell Street has a supermarket, medical centre, restaurants and specialty shops. There are two other commercial areas on the corner of Windsor Road and Briens Road, as well as on the corner of Kleins Street and Briens Road.

There are several schools here, namely, Northmead Public School, Northmead High School and The Hills School. Hillsbus buses stop at Northmead and go around The Hills district.

Despite the high prices of houses here, values still rose by 17.3% in the past 12 months to January 2018.

Close
Metrics i HOUSE UNIT
$1,070,000 $621,500
-2.73% -2.89%
-0.23% -2.13%
8.56% 6.00%
$535 $460
86 121
2.60% 3.85%
59.37 50.36

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Northmead NSW
Demographics
Total population 10223
Median household income ($/weekly) 1389
Median age of persons 37
Median housing loan repayment ($/monthly) 2300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1101 10.8
    25-34 years 1682 16.4
    35-44 years 1605 15.7
    45-54 years 1162 11.4
    55-64 years 1048 10.2
    Others 3627 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 4003 51.4
    Not Married 3165 40.6
    Defacto Relationship 627 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 6763 68.6
    Croatia 235 2.4
    Indonesia 263 2.7
    United Kingdom 345 3.5
    Other 708 7.2
    Others 1548 15.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 214 2.3
    Christianity 6804 71.7
    Hinduism 288 3.0
    Islam 497 5.2
    No Religion 1552 16.3
    Others 141 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 363 9.8
    $600-$799 317 8.5
    $1,500-$1,999 472 12.7
    $2,000-$2,499 382 10.3
    $2,500-$2,999 357 9.6
    Others 1826 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3457 43.6
    Not in the labour force 2660 33.6
    Employed, worked part-time 1330 16.8
    Employed, away from work 242 3.1
    Unemployed, looking for work 238 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 704 14.0
    Professionals 1437 28.6
    Technicians & trades workers 571 11.4
    Clerical & administrative workers 893 17.8
    Sales 436 8.7
    Others 987 19.6
    Occupation
    Census Count Percent(%)
    Pre-school 218 9.9
    Infants/Primary 738 33.5
    Secondary 483 21.9
    Technical or Further Educational Institution 230 10.4
    University or other Tertiary Institutions 444 20.2
    Others 88 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5965 61.1
    Flat, unit or apartment 2238 22.9
    Semi-detached, row or terrace house, townhouse 1550 15.9
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1356 34.5
    Rented 1251 31.8
    Fully owned 1183 30.1
    Other tenure type 145 3.7
    Tenure Type
Census 2011, ABS
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