With a capital gain of -1.38% for the last 12 months, Northgate, 5085 has performed for property investments than its average annual 2.73% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Northgate has given property investors a paper return of -0.87%. This puts Suburb as 316 on a list of fastest fasting appreciating suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.13% offered to property buyers. Sellers in Northgate itself are offering an average vendor discount of -5.57% to real estate investors.
A $415 per week rent on the median house gives suburb investors a gross yield of circa 3.79%, without taking into account capital value appreciation, which has been averaging out at 2.73%.