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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 $910,000.
FANNIE BAY ranks 46th on the list of best yielding suburbs for rental properties in NT, posting a 4.29% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||-6.9%|
|Median 3 years||-17.27%||-19.56%|
|Median 5 years||-2.93%||2.6%|
|10 years average annual||N/A||2.95%|
|Weekly media advert. rent||$750||$417.5|
|Time on Market||0.0 days||71.3 days|
|Gross Rental Yield Percent||4.29%||4.32%|
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