Mortgage Broker Northcote
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Northcote is a vibrant suburb located approximately 6 kilometers north-east of Melbourne’s Central Business District, in the state of Victoria, Australia. Known for its rich cultural diversity and lively arts scene, Northcote offers a unique blend of urban living and community-oriented lifestyle.
Northcote boasts a multicultural community, which is reflected in its diverse array of restaurants, cafes, and shops. The suburb features a mix of Italian, Greek, Indian, Vietnamese, and Middle Eastern cuisines, offering a wide culinary experience.
Northcote has seen significant interest in real estate, with a mix of period homes, modern apartments, and townhouses. Its proximity to the city and vibrant local culture makes it a sought-after residential area.
Last month Northcote had 102 properties available for rent and 176 properties for sale. Median property prices over the last year range from $1,600,000 for houses to $625,000 for units. If you are looking for an investment property, consider houses in Northcote rent out for $795 PW with an annual rental yield of 2.7% and units rent for $550 PW with a rental yield of 4.7%. Northcote has seen an annual compound growth rate of -3.9% for houses and 2.5% for units.
Residents of Northcote enjoy a balanced lifestyle with the convenience of urban amenities and the charm of a close-knit community. The suburb’s emphasis on arts, culture, and sustainability appeals to young professionals, families, and creative individuals.
Overall, Northcote’s distinctive character and rich offerings make it one of Melbourne’s most desirable suburbs for contemporary living.
