northcote

3070, Victoria

Real Estate & Property Information

Median
Price Rank
73

northcote Suburb Profile & Review

Trendy and diverse, Northcote is a thriving hub for cafes, bars, art galleries and boutiques. Extremely well placed for public transport, Northcote is serviced by five train stations on both the Epping line and the Hurstbridge line, trams on High Street and St George's Road, and buses that run frequently along Separation Street, Westgarth Street and Victoria Road.

High Street boasts a broad mix of retail stores, cafes and restaurants, while Northcote Shopping Centre has more than sixty specialty shops including Coles and Kmart. Adjacent to the shopping centre is All Nations Park, a friendly open space with skating facilities, basketball courts and playground equipment. Cyclists can enjoy the Merri Creek and Darebin Creek Trails which run through the area.

Entertainment is never in short supply in both Northcote and neighbouring Fitzroy. The Northcote Social Club is a hotspot in the Melbourne alternative music scene, and many other pubs and clubs populate the High Street area. Families are also well catered for, due to the proximity of several well respected private schools such as Santa Maria College.

northcote Demographic Data

$ 800,000 Median House Price

16 Minutes Average Commute

36 Median Age

22,920 Population

52.53 % Female

47.47 % Male

5676 NO OF FAMILIES

1.7 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in northcote, Victoria.

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northcote Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

northcote Median House Prices

  • 2008 $ 595,000
  • 2009 $ 615,000
  • 2010 $ 685,500
  • 2011 $ 827,000
  • 2012 $ 800,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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northcote 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in northcote have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term northcote property price predictions.

northcote Market Property Types

  • 59 % Seperate House
  • 19 % Semi Detached
  • 21 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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northcote Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

northcote Income & Mortgage Stats

  • $ 1,564 Median Weekly Household Income
  • $ 2,013 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in northcote

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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northcote Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

northcote Sold Property Prices

northcote Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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northcote Restaurants

  • Wild Yak Tibetan350 High Stnorthcote VIC 307003 9486 2733
  • Veggie Kitchen159 St Georges Rdnorthcote VIC 307003 9489 2120
  • Taxiboat94 High Streetnorthcote VIC 307003 9482 7882

northcote Cafes

  • Northcote Bakeshop571 High Streetnorthcote VIC 307003 9489 5008
  • Cafe Grafete126a Gladstone Avenorthcote VIC 307003 9041 0442
  • Pasticceria Bisetto229 High Streetnorthcote VIC 307003 9489 9483

northcote Schools

  • Santa Maria College50 Separation Streetnorthcote VIC 3070(03) 9489 7644Catholic Secondary School
  • St. Josephs Primary SchoolJames Streetnorthcote VIC 3070(03) 9481 7166Catholic Primary School
  • Croxton School159 Beaconsfield Paradenorthcote VIC 3070(03) 9482 5482Specialist School

northcote Childcare

  • ABC Learning Centre38 Arthurton Roadnorthcote VIC 3070
  • Aladdin Child Care Centre57 Cunningham Streetnorthcote VIC 3070
  • Annie Dennis Childrens Centre2-6 Oldis Avenuenorthcote VIC 3070

northcote Kindergarten and Preschools

  • Batman Park Kindergarten79 Elm Streetnorthcote VIC 3070
  • Westgarth KindergartenClarke Streetnorthcote VIC 3070

northcote Sporting Centres and Clubs

  • Fitzroynorthcote VIC 3070Baseball Club
  • Northcotenorthcote VIC 3070Baseball Club
  • CV Premier Cricketnorthcote VIC 3070Cricket Club

northcote Retirement Villages

  • Veronica Gardensnorthcote VIC 3070

Find out How Much your House is Worth in northcote

Request a free market Basic Report for northcote to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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