Investment property in Northfield has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.80%
Over the longer term, Northfield has seen property prices show investors a 5.36% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -4.58% to buyers in Northfield at the moment, which is less than average for the rest of SA.
Northfield, 5085’s gross rental yield is 4.46%
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