With a capital gain of 1.07% for the last 12 months, Northfield, 5085 has performed for property investments than its average annual 2.49% property growth over the last 5 years.
While Northfield,5085 ranked number 142th in SA for increase in median house value (annualised) increase, it is ranked 133th over the last 5 years.
Northfield, 5085 is offering SA ‘s 131th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
At number 2312 in a list of fastest selling suburbs, Northfield is in the bottom 40% of suburbs in Australia with an average of days on market 88.6667 for properties listed there.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 4.69%, without taking into account capital value appreciation, which has been averaging out at 2.49%.
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.