Property investors who have had real estate in Northfield, 5085 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.19%
Comparing Northfield,5085 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 352th of SA’s most discounted properties, Northfield is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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 2017Full summary
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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.Close