Real Estate Appraisal Northcote VIC 3070
How much is my home worth in Northcote?
The median price for a house in Northcote is $1,672,500 as of February 9, 2023. The median price for a unit is $580,000.
There have been 267 houses sold and 169 units sold in the last year. The average annual capital growth for houses is 4.99% and for units, it is 7.30%.
The 12-month capital growth is -0.88% on houses and for units, it is -1.79%.
The Demand to Supply Ratio or DSR rating has homes as good and units as above average. Buyers are making reasonable offers, and sellers are not panicking.
For investors, this is a favourable market. Demand is outpacing supply, but not by much. Buyers rarely get away with making low-ball bids. Sellers almost always receive the pricing they demand. Growth will likely outpace the national average. It takes on average 25 days to sell a house and 40 days to sell a unit in Northcote.
House prices and rent returns in Northcote.
- 2 bedroom home $1,390,000, Rent per week $610
- 3 bedroom home $1,677,500 Rent per week $745
- 4 bedroom home $2,342,500, Rent per week $940
Unit prices and rent returns in Northcote.
- 1 bedroom home $399,000, Rent per week $340
- 2 bedroom home $642,000, Rent per week $475
- 3 bedroom home $940,669, Rent per week $680
The Northcote gross rental yield for houses is 2.22% and for units, it is 3.84%.
Free Real Estate Appraisal Northcote
Selling your house in Northcote? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location of amenities, schools and shops. Our agents will provide this valuation free of charge.
Free Rental Appraisal Northcote
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 34,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.
Property Valuation Northcote
The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.
If you want to know the value of your Northcote home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.
How do we appraise a property in Northcote?
- Recent property sales history in the Northcote district
- Location and the proximity to amenities
- Accessibility of schools and shops
- Comparison of market values
- Condition and size of the property
Want to know what your Northcote home is worth?
Recently Sold Properties in Northcote
Lifestyle in Northcote
Northcote is a Melbourne suburb located 6 kilometres north-east of Melbourne's central business area. Northcote has a village feel to it, with older Greek and Italian people coexisting with artists, musicians, and young families. With events in the Northcote Social Club and the small Uniting Church, it's a live music hotspot. Innovative restaurants and bars, as well as stores offering design items, adorn the streets. High Street is a street that runs parallel to the. Neighbouring suburbs include Thornbury, Alphington and Brunswick.
Northcote is a destination for the arty types who like live music and good food. There is no shortage of either. And if you need time for recreation you can visit the Northcote Aquatic and Recreation Centre or take a walk in one of five parks. Northcote also has a public golf course.
Northcote also has 3 train stations which are Dennis, Merri, Westgarth and Croxton all running services into Melbourne city.
Schools in Northcote
Northcote Real Estate Agent Contact Details
Office: Inner North Group
Phone: 03 9482 6688