Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $915,000.
FANNIE BAY ranks 46th on the list of best yielding suburbs for rental properties in NT, posting a 4.26% return.
Based on its average 5-year and quarterly capital gains FANNIE BAY, 820 saw average growth in the long term.
Profits due to an downward trend in home prices in FANNIE BAY, 820 averaged -4.1% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 4.08% increase in returns based on the current median price in FANNIE BAY.
An average of 5.92 real estate transactions take place per month in FANNIE BAY which translates to 71 per annum.
71 properties were sold in FANNIE BAY during the past year, making it the 2nd most active market in NT based on total real estate transactions.
FANNIE BAY, 820 places 7th in Australia based on median property value growth during the quarter.
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