Top 10 Suburbs For Unit Price Growth In Perth
In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
A -4.73% increase in median property prices in PARAP, 820 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 48th.
It 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 $705,000
The augmented property values in the suburb are trailing behind the territorial average of 11.91% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.
Home owners selling their properties and realtors in PARAP usually have to wait an average of 69.9 days days before their assets are lifted off the market.
The NT suburb ranks 45th on the list of best yielding suburbs for rental properties in NT, posting a 4.43% return.
It also places places 33rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.73%||15.82%|
|Median 3 years||-3.09%||-11.28%|
|Median 5 years||-12.96%||-16.63%|
|10 years average annual||-0.81%||-1.62%|
|Weekly media advert. rent||$600||$430|
|Time on Market||69.9 days||112.7 days|
|Gross Rental Yield Percent||4.43%||6.46%|