RAPID CREEK ranks 4th in NT when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 11.67% for the past year is higher than average compared to its 3.99% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in RAPID CREEK, the median home price is sitting at $717,500, and the average rent at $550, this suggests property owners could potentially earn a 3.99% increase in gross rental yield.
They believe that homeowners and real estate investors betting on RAPID CREEK, 810 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 11.67%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.62% growth over a ten-year period. It ranks 1639th on our list of suburbs that property investors should look into.
A 13.14% increase in median property prices in RAPID CREEK, 810 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 2nd.
RAPID CREEK, 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 $396,000.
Augmented property values in RAPID CREEK are trailing above the NT average of -5.17% for the past year.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
Home owners selling their properties and realtors in RAPID CREEK usually have to wait an average of 105.7 days days before their assets are lifted off the market.
RAPID CREEK ranks 20th on the list of best yielding suburbs for rental properties in NT, posting a 4.99% return.