Property investors have seen a -5.07% drop in FARRAR based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains FARRAR, 830 saw average decrease 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 $552,500
Profits averaged -3.53% 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 $570 based on current median home prices for the suburb.
The gross rental yield in FARRAR, 830 is 5.36%.
An average of 1.58 real estate transactions take place per month in FARRAR which translates to 19 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-6.36%||N/A|
|Median 3 years||-10.6%||N/A|
|Median 5 years||-1.34%||N/A|
|10 years average annual||29.49%||N/A|
|Weekly media advert. rent||$570||N/A|
|Time on Market||123.1 days||N/A|
|Gross Rental Yield Percent||5.36%||N/A|