Property investors have seen a -0.71% drop in MUIRHEAD based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MUIRHEAD, 810 saw average growth in the long term.
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 $695,000
Profits averaged -4.01% 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 $665 based on current median home prices for the suburb.
The gross rental yield in MUIRHEAD, 810 is 4.98%.
An average of 1.92 real estate transactions take place per month in MUIRHEAD which translates to 23 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.11%||N/A|
|Median 3 years||-12.03%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||-2.11%||N/A|
|Weekly media advert. rent||$665||N/A|
|Time on Market||121.3 days||N/A|
|Gross Rental Yield Percent||4.98%||N/A|