Northcote is a large suburb in Victoria within the Darebin local government area (postcode 3070). With a population of 25,276, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $119K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Northcote is $1.6 million, having dipped slightly 0.6% over the past year. Units have a median price of $636,000 (+1.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,400.
Northcote is served by 6 schools, including 3 primary, 2 secondary, 1 special. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 11 rail stations, 97 bus stops. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Northcote offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 13.5x is considered stretched. House prices have moved -0.6% year-on-year.
Northcote is a large suburb in Victoria within the Darebin local government area (postcode 3070). With a population of 25,276, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $119K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Northcote is $1.6 million, having dipped slightly 0.6% over the past year. Units have a median price of $636,000 (+1.8% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,400.
Northcote is served by 6 schools, including 3 primary, 2 secondary, 1 special. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 11 rail stations, 97 bus stops. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Northcote offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 13.5x is considered stretched. House prices have moved -0.6% year-on-year.