If you compare the increase in value of investment property in Northgate, 4013 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -9.48%.
Northgate,4013 was ranked 2668 in Australia by increase in median property value over the quarter.
At number 471th of QLD’s most discounted properties, Northgate is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 3.15%, investors should hope to achieve an overall return of 3.28%
QLD has seen average median house prices change by 0.23% which means that Northgate, 4013 has done well for property investors by showing a capital gain of 1.32% over the last year
While Northgate,4013 ranked number 234th in QLD for increase in median house value (annualised) increase, it is ranked 232th over the last 5 years.
The most recent median price for Northgate is $385000, with sellers offering an average of -5.68% off the asking price.
At number 1041 in a list of fastest selling suburbs, Northgate is in the bottom 40% of suburbs in Australia with an average of days on market 87.94 for properties listed there.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 4.93%, without taking into account capital value appreciation, which has been averaging out at 1.62%.