Northmead is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2152). With a population of 11,261, the suburb has an established demographic with a median age of 39. Households earn a median income of $100K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Northmead is $1.6 million, having declined 7.1% over the past year. Units have a median price of $554,000 (-17.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,300.
Northmead is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 1066, which is above the national average of 1,000. Public transport access includes 36 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Northmead offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.2x is considered stretched. House prices have moved -7.1% year-on-year.
Northmead is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2152). With a population of 11,261, the suburb has an established demographic with a median age of 39. Households earn a median income of $100K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Northmead is $1.6 million, having declined 7.1% over the past year. Units have a median price of $554,000 (-17.7% YoY). The current median weekly rent is $630. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,300.
Northmead is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 1066, which is above the national average of 1,000. Public transport access includes 36 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Northmead offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 16.2x is considered stretched. House prices have moved -7.1% year-on-year.