5 key changes sought to drive WA property market
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
ALAWA, 810 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 $435,000.
Profits due to an downward trend in home prices in the suburb averaged -3.53% per annum over a 3-year period.
ALAWA now ranks at the 17th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ALAWA are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $420 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ALAWA, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 21 properties were sold in ALAWA during the past year, making it the 31st most active market in NT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $435,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.96% | N/A |
| Median 12 month | 2.96% | N/A |
| Median 3 years | -10.59% | N/A |
| Median 5 years | -22.09% | N/A |
| 10 years average annual | -1.82% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 5.02% | N/A |
Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...
Sophisticated investors have traditionally held a mixture of residential and commercial properties in their portfolios, but today’s COVID-...
Investment properties (or properties used for income-producing purposes) have unique tax deductions that you can use to lower the tax that y...
Apartment rents have fallen off a cliff in Sydney and Melbourne, on the back of collapsing demand among internationals students and migrants...
The value of directly held assets by shopping mall owner Vicinity Centres contracted by $570 million on the back of the pandemic’s hammer ...
Despite a COVID-induced economic downturn, real estate remained resilient, ultimately emerging as one of the most in-demand jobs markets in ...
Get notifications in real-time for staying up to date with content that matters to you.
