Property investments in STUART PARK did not fare well against the rest of the country last year, registering a median home price decrease of -13.61%.
Real estate investors could earn a rental income of $585 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 156.6 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $635,000.
STUART PARK ranks 43rd on the list of best yielding suburbs for rental properties in NT, posting a 4.79% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-13.61%||-7.22%|
|Median 3 years||-14.77%||-12.2%|
|Median 5 years||-4.51%||-8.16%|
|10 years average annual||2.63%||5.13%|
|Weekly media advert. rent||$585||$430|
|Time on Market||156.6 days||103.7 days|
|Gross Rental Yield Percent||4.79%||4.97%|