Property investments in FANNIE BAY did not fare well against the rest of the country last year, registering a median home price decrease of 2.4%.
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 $940,000.
FANNIE BAY ranks 48th on the list of best yielding suburbs for rental properties in NT, posting a 4.15% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.4%||-18.46%|
|Median 3 years||-10.05%||-2.66%|
|Median 5 years||8.05%||17.13%|
|10 years average annual||3.49%||4.55%|
|Weekly media advert. rent||$750||$440|
|Time on Market||0.0 days||57.0 days|
|Gross Rental Yield Percent||4.15%||4.32%|