Suburb Profile Report for Northmead NSW (2152)

Northmead House: Median price $950,000, Annual capital growth 6.56%, Number of sales 81, Weekly median advertised rent $510

Northmead Unit: Median price $600,000, Annual capital growth 5.21%, Number of sales 89, Weekly median advertised rent $450

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 3541th in the list of Australian suburbs ordered by increase in median house value over the last year, Northmead, 2152 is in the BOTTOM 20% with a property value increase of -7.68% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Northmead comes in at number 1222th in NSW.

Sellers are offering property buyers an average discount of -5.07% to buyers in Northmead at the moment, which is less than average for the rest of NSW.

Northmead, 2152’s gross rental yield is 2.79%

If you compare the increase in value of investment property in Northmead, 2152 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -7.34%.

Across a shorter period, Northmead, 2152 has seen a median price increase of -3.69% over the last quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.01% offered to property buyers. Sellers in Northmead itself are offering an average vendor discount of -5.38% to real estate investors.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 5.21%, investors should hope to achieve an overall return of 3.90%

Information supplied by:


April 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$950,000 $600,000
2.15% -3.69%
-7.68% -7.34%
6.56% 5.21%
$510 $450
81 89
2.79% 3.90%
44.9756097560976 61.3103448275862

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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