A -3.19% increase in median property prices in DARWIN, 800 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 13th.
DARWIN, 800 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $455,000.
Augmented property values in DARWIN are trailing behind the NT average of -1.74% for the past year.
Real estate investors could earn a rental income of $475 based on current median home prices for the suburb.
Home owners selling their properties and realtors in DARWIN usually have to wait an average of 135.4 days days before their assets are lifted off the market.
DARWIN ranks 11th on the list of best yielding suburbs for rental properties in NT, posting a 5.43% return.
DARWIN, 800 places 11th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-3.19%|
|Median 3 years||N/A||-7.14%|
|Median 5 years||N/A||-1.09%|
|10 years average annual||N/A||5.02%|
|Weekly media advert. rent||N/A||$475|
|Time on Market||N/A||135.4 days|
|Gross Rental Yield Percent||N/A||5.43%|