Northgate has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.01% to date .
Comparing Northgate,4013 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.63% offered to property buyers. Sellers in Northgate itself are offering an average vendor discount of -6.83% to real estate investors.
In the last year 66 properties changed hands in Northgate, which puts it as the 350th most active market in QLD when comparing the number of sales per suburb.
With a capital gain of 17.05% for the last 12 months, Northgate, 4013 has performed for property investments than its average annual 2.72% property growth over the last 5 years.
Northgate,4013 was ranked 149 in Australia by increase in median property value over the 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 Northgate, 4013. Typically our figures indicate that -6.37% is being offered, which puts this QLD suburb at 374th most discounted overall in Australia.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 2.72%.