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Property investors have seen a -5.03% 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 $462,500
This means, real estate investors could earn a rental income of $520 based on current median home prices for the suburb.
The gross rental yield in FARRAR, 830 is 5.85%.
An average of 1.83 real estate transactions take place per month in FARRAR which translates to 22 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-13.87%||N/A|
|Median 3 years||N/A||N/A|
|Median 5 years||-27.05%||N/A|
|10 years average annual||10.03%||N/A|
|Weekly media advert. rent||$520||N/A|
|Time on Market||94.5 days||N/A|
|Gross Rental Yield Percent||5.85%||N/A|
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