DRIVER ranks 26th in NT when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of -9.61% for the past year is lower than average compared to its -19.22% growth within a five-year period.
Also in DRIVER, the median home price is sitting at $395,000, and the average rent at $450, this suggests property owners could potentially earn a 5.92% increase in gross rental yield.
Property investors have seen a -3.66% drop in DRIVER based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.04% growth over a ten-year period. It ranks 3566th on our list of suburbs that property investors should look into.
A -24.03% increase in median property prices in DRIVER, 830 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 16th.
DRIVER, 830 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 $215,000.
Augmented property values in DRIVER are trailing behind the NT average of -7.23% for the past year.
Real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
Home owners selling their properties and realtors in DRIVER usually have to wait an average of 0.0 days days before their assets are lifted off the market.
DRIVER ranks 1st on the list of best yielding suburbs for rental properties in NT, posting a 7.5% return.