Suburb Profile Report for Northgate QLD (4013)

Northgate House: Median price $657,000, Annual capital growth 2.70%, Number of sales 57, Weekly median advertised rent $450

Northgate Unit: Median price $352,500, Annual capital growth -0.14%, Number of sales 21, Weekly median advertised rent $360

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of -9.38% for the last 12 months, Northgate, 4013 has performed for property investments than its average annual 2.70% property growth over the last 5 years.

The five-year average increase in median property values for Northgate,4013 has given property investors a potential capital gain of 7.70% across each of those five years.

Property buyers and investors in Northgate 4013 should be seeing an average reduction in asking price of around -6.64% . This means that Northgate is holding prices well when compared to other suburbs in QLD.

Over the last year, property investments in Northgate, 4013 have given investors a capital gain of -7.24%. This compares badly with the -0.33% for QLD as a whole.

A -14.02% growth in median value for property investors in Northgate,4013 puts this suburb at number 240th in terms of best performing suburbs in QLD

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Northgate itself are offering an average vendor discount of -6.66% to real estate investors.

On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.

Northgate, 4013’s gross rental yield is 5.31%

Metrics i HOUSE UNIT
$657,000 $352,500
-5.13% -0.70%
-9.38% -7.24%
2.70% -0.14%
$450 $360
57 21
3.56% 5.31%
65.68 102.705882352941

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (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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