Alawa

ALAWA, 810 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NT have risen as a whole, pulling ALAWA, 810 values up and netting property investors a capital gain of 18.97% for the past year.

Investors saw the median home price rise to $517,500.

Profits due to an upward trend in home prices in the suburb averaged 6.32% 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 $500 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 67.4 days.

In 2016, 40 properties were sold in ALAWA during the past year, making it the 19th most active market in NT based on total real estate transactions.