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%
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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.