The 'nitty gritty' of property economics catching out property investors
One buyers agent is "constantly amazed" by the ongoing misconceptions in property investment about the underlying economics which dictate wh...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The suburb also 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 $627,000.
Average weekly rents on listings have reached the $550 mark, reflecting a 4.56% increase in returns based on the current median price in MARRARA.
An average of 1.08 real estate transactions take place per month in MARRARA which translates to 13 per annum.
13 properties were sold in MARRARA in 2016, making it the 52nd most active market in NT based on total real estate transactions.
MARRARA, 812 places 38th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $627,000 | $297,500 |
| GROWTH REPORT | ||
| Median Quarterly | -5.14% | 1.88% |
| Median 12 month | -9.78% | -11.19% |
| Median 3 years | N/A | -26.54% |
| Median 5 years | -12.92% | -33.45% |
| 10 years average annual | 3.35% | 2% |
| Weekly media advert. rent | $550 | $360 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.56% | 6.29% |
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