At number 3873th in the list of Australian suburbs ordered by increase in median house value over the last year, Northfield, 5085 is in the BOTTOM 10% with a property value increase of 0.45% recorded in median house prices.
While Northfield,5085 ranked number 328th in SA for increase in median house value (annualised) increase, it is ranked 361th over the last 5 years.
At number 39th of SA’s most discounted properties, Northfield is in the bottom 30% of the state/territory when listing in order of most discounted to least.
At number 3390 in a list of fastest selling suburbs, Northfield is in the bottom 20% of suburbs in Australia with an average of days on market 91.9688 for properties listed there.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
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.