the NT suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $700,000
Profits averaged -3.51% per annum over a 3-year period, due to an downward trend in home prices in MUIRHEAD, 810.
This means, real estate investors could earn a rental income of $690 based on current median home prices for the suburb.
The gross rental yield in MUIRHEAD, 810 is 5.13%.
An average of 1.83 real estate transactions take place per month in MUIRHEAD which translates to 22 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -2.1% | N/A |
| Median 3 years | -10.54% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | -2.1% | N/A |
| Weekly media advert. rent | $690 | N/A |
| Time on Market | 141.2 days | N/A |
| Gross Rental Yield Percent | 5.13% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...