Property value increases in Northam have tracked lower than the WA average of -1.78% over the last 12 months.
The five-year average increase in median property values for Northam,6401 has given property investors a potential capital gain of -29.58% across each of those five years.
At number 12th of WA’s most discounted properties, Northam is in the bottom 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 9.75 sales per month, which equates to 117 per year.
Northam is 29th on a list of best yielding suburbs for rents in WA with a 7.63% return
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Northam, WA – House stock rises in Avon Valley
Median house price: $200,000
Stock on market: 21.1%
12-month growth: -4%
The suburb of Northam, located within the largest town in the Avon Valley, has been known as the biggest inland town in Western Australia whose economy was not driven by mining.
Instead, the suburb has a strong bent towards tourism, with attractions like hot air ballooning and museums drawing visitors. Northam has a notable food scene as well, with wineries, cafes and restaurants to visit.
Northam Senior High School has been established in the suburb. It also serves the majority of the western Wheatbelt region, with the local railway station being a major transport junction. Housing stock levels rose in the 12 months to July 2019 from 226 to 272.