Suburb Profile Report for Northgate QLD (4013)

Northgate House: Median price $645,000, Annual capital growth 2.86%, Number of sales 66, Weekly median advertised rent $418

Northgate Unit: Median price $417,000, Annual capital growth 2.72%, Number of sales 44, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$645,000 $417,000
-10.48% 7.61%
-3.01% 17.05%
2.86% 2.72%
$418 $360
66 44
3.37% 4.49%
69.8 80

Source: CoreLogic

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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