Giving property investors a an average capital gain of 0.00% for the last year, Northfield, 5085 is the 1691th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Northfield comes in at number 135th in SA.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.73% offered to property buyers. Sellers in Northfield itself are offering an average vendor discount of -6.46% to real estate investors.
With the median price for a house in Northfield being $426000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.64%
Information supplied by:
Property stock is low
Median house price: $415,000
Stock on market: -29.6%
12-month growth: 7.8%
In the suburb of Northfield in the greater Adelaide region, overall housing supply slipped by nearly 30% in the 12 months leading up to December 2017.
This could prove to be a boost to demand, supporting the trend of positive growth observed in the past five years. Houses in particular have been quite affordable at $415,000, which could appeal to buyers with tight belts. With Northfield being less than 30 minutes’ drive from the Adelaide CBD, professionals working in the city could also strongly consider residing in this pocket.
Primarily known for being the site of the Yatala Labour Prison, Northfield is also home to Northfield Primary School, as well as two reserves that have become the bases of two local football clubs.