Investment property in Northcote 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 -1.02%
Across a shorter period, Northcote, 3070 has seen a median price increase of 0.85% over the last quarter.
The most recent median price for Northcote is $1311500, with sellers offering an average of -5.28% off the asking price.
At number 510 in a list of fastest selling suburbs, Northcote is in the TOP 20% of suburbs in Australia with an average of days on market 52.219 for properties listed there.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 6.63%, investors should hope to achieve an overall return of 2.58%
At number 103th in the list of Australian suburbs ordered by increase in median house value over the last year, Northcote, 3070 is in the top 10% with a property value increase of 19.24% recorded in median house prices.
Northcote,3070 was ranked 115 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.54% to buyers in Northcote at the moment, which is less than average for the rest of VIC.
In the last year 140 properties changed hands in Northcote, which puts it as the 48th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $440 weekly from the median priced house in this suburb.