Property investors have seen a 0.93% gain in FARRAR based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FARRAR, 830 saw average growth in the long term.
The NT suburb 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 $545,000
Profits averaged -4.01% per annum over a 3-year period, due to an downward trend in home prices in FARRAR, 830.
This means, real estate investors could earn a rental income of $560 based on current median home prices for the suburb.
The gross rental yield in FARRAR, 830 is 5.34%.
An average of 1.75 real estate transactions take place per month in FARRAR which translates to 21 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-6.36%||N/A|
|Median 3 years||-12.02%||N/A|
|Median 5 years||0%||N/A|
|10 years average annual||28.9%||N/A|
|Weekly media advert. rent||$560||N/A|
|Time on Market||113.2 days||N/A|
|Gross Rental Yield Percent||5.34%||N/A|