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Fannie Bay
AREA REPORTS

Fannie Bay

Fannie Bay - SUBURB PROFILE REPORT
POSTAL CODE: NT, 820

house
unit

Property investments in FANNIE BAY did not fare well against the rest of the country last year, registering a median home price decrease of 9.13%.

Based on its average 5-year and quarterly capital gains FANNIE BAY, 820 saw average growth in the long term.

Real estate investors could earn a rental income of $900 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 76.0 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 $938,500.

FANNIE BAY ranks 39th on the list of best yielding suburbs for rental properties in NT, posting a 4.99% return.

Data report can be found below

Fannie Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $938,500 $465,500
GROWTH REPORT
Median Quarterly 9.13% 8.26%
Median 12 month 9.13% -2%
Median 3 years -0.69% 7.01%
Median 5 years N/A -27.83%
10 years average annual 3.31% 1.1%
Weekly media advert. rent $900 $460
Time on Market 76.0 days 47.2 days
Gross Rental Yield Percent 4.99% 5.14%
demographics (median values)*
Total Population
19447
Weekly Household Income
2341
Household Size
2.40
Age
34
Monthly Loan Repayment
2321
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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