Property value increases in Northmead have tracked just lower than the NSW average of -4.21% over the last 12 months.
Across a shorter period, Northmead, 2152 has seen a median price increase of -4.27% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Northmead, 2152. Typically our figures indicate that -5.86% is being offered, which puts this NSW suburb at 2164th most discounted overall in Australia.
Northmead is 974th on a list of best yielding suburbs for rents in NSW with a 2.96% return
Property investors who have had real estate in Northmead, 2152 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.39%
If we look at median property appreciation over just the last three months, Northmead has given property investors a paper return of -2.29%. This puts Suburb as 324 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Northmead, 2152. Typically our figures indicate that -7.29% is being offered, which puts this NSW suburb at 351th most discounted overall in Australia.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
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Premium suburb is stuffed
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.