Property investments in STUART PARK did not fare well against the rest of the country last year, registering a median home price decrease of -4.93%.
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.
Based on its average 5-year and quarterly capital gains STUART PARK, 820 saw average growth in the long term.
Real estate investors could earn a rental income of $560 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 $675,000.
STUART PARK ranks 47th on the list of best yielding suburbs for rental properties in NT, posting a 4.31% return.
Based on its average 5-year and quarterly capital gains STUART PARK, 820 saw average decrease in the long term.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an downward trend in home prices in STUART PARK, 820 averaged -4.83% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 4.94% increase in returns based on the current median price in STUART PARK.
An average of 4.75 real estate transactions take place per month in STUART PARK which translates to 57 per annum.
57 properties were sold in STUART PARK during the past year, making it the 3rd most active market in NT based on total real estate transactions.
STUART PARK, 820 places 11th in Australia based on median property value growth during the quarter.
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