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%
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
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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.Close