Suburb Profile Report for Northgate QLD (4013)

Northgate House: Median price $635,000, Annual capital growth 3.15%, Number of sales 69, Weekly median advertised rent $400

Northgate Unit: Median price $385,000, Annual capital growth 1.62%, Number of sales 51, Weekly median advertised rent $365

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$635,000 $385,000
-0.78% -1.28%
-9.48% 1.32%
3.15% 1.62%
$400 $365
69 51
3.28% 4.93%
56.94 87.94

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 4304
Median household income ($/weekly) 1404
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 428 9.9
    25-34 years 838 19.5
    35-44 years 717 16.7
    45-54 years 561 13.0
    55-64 years 439 10.2
    Others 1320 30.7
    Age Group
    Census Count Percent(%)
    Not Married 1545 47.2
    Registered Married 1267 38.7
    Defacto Relationship 462 14.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3108 76.4
    Indonesia 131 3.2
    Papua New Guinea 206 5.1
    United Kingdom 156 3.8
    Other 159 3.9
    Others 306 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 1.4
    Christianity 2643 67.5
    Hinduism 60 1.5
    Other Religious Groups 95 2.4
    No Religion 1015 25.9
    Others 46 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 145 9.2
    $1,250-$1,499 140 8.9
    $1,500-$1,999 202 12.8
    $2,000-$2,499 160 10.1
    $2,500-$2,999 146 9.3
    Others 784 49.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1614 47.5
    Not in the labour force 830 24.4
    Employed, worked part-time 653 19.2
    Employed, away from work 155 4.6
    Unemployed, looking for work 144 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 275 11.3
    Professionals 610 25.2
    Technicians & trades workers 284 11.7
    Clerical & administrative workers 414 17.1
    Labourers 241 9.9
    Others 601 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 55 6.1
    Infants/Primary 301 33.3
    Secondary 175 19.4
    Technical or Further Educational Institution 73 8.1
    University or other Tertiary Institutions 249 27.6
    Others 50 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2870 70.6
    Flat, unit or apartment 827 20.3
    Semi-detached, row or terrace house, townhouse 366 9.0
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 733 43.5
    Being purchased 568 33.7
    Fully owned 380 22.6
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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