With a capital gain of -9.23% for the last 12 months, Northcote, 3070 has performed for property investments than its average annual 7.68% property growth over the last 5 years.
Northcote,3070 was ranked 2434 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Northcote should be aiming for at least -5.37% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Northcote the average time real estate has been on the market is 53.8493 days.
If you compare the increase in value of investment property in Northcote, 3070 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.17%.
Across a shorter period, Northcote, 3070 has seen a median price increase of 1.95% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Northcote is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 127th in terms of most discounted suburbs in VIC
At number 179 in a list of fastest selling suburbs, Northcote is in the TOP 20% of suburbs in Australia with an average of days on market 57.8352 for properties listed there.
The VIC suburb of Northcote, 3070 is in the Darebin (C) local government area.