Northcote Suburb Profile and Review

April 06, 2017
John Costa

Northcote

 Victoria, 3070

 Northcote Suburb Profile and Review

Hip and fashionable, Northcote is a booming hub for trendy bars, café’s, art galleries and boutiques mainly along busy High Street. Northcote has transformed over the decades into a lively and diverse inner city region that still caters for those looking to lay back and take in the scenery while enjoying a glass of wine or sipping on a nice cup of coffee. Northcote is very community focused with festivals and arts events happening throughout the year. Enjoy some peaceful time in the open spaces of All Nations Park or take in a movie at the Historic Westgarth Cinema, those looking to move into the area are spoilt for choice.

 

Median property prices for houses in Northcote have increased by 46% over the last three year period which is an excellent return for home owners. Unit owners have seen their properties remain stable in terms of growth recording no growth. This may be attributed to the vast amount of units being built recently which is continuing.

 

In 2016, 259 houses were sold in Northcote and the average length of time on the market being recorded as 63 days. 180 units have sold over the same period of time with an average of 86 days on the market.

 

Northcote, the figures

Median House Price - $1,181,000

Population – 22,920

Male Residents – 47%

Female Residents – 53%

Median Weekly Income - $1,564

Median Monthly Mortgage - $2,013

Blog Prepared March 2017

Source ABS & Core Logic

Posted in: Property market

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