Australian home sizes at 22-year low
New data from the ABS has highlighted the decline of the average new-home size, which is at its smallest level since 1996. ...
A -9.76% increase in median property prices in WOODROFFE, 830 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 38th.
It 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 $370,000
The augmented property values in the suburb are trailing behind the territorial average of -2.55% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $430.
Home owners selling their properties and realtors in WOODROFFE usually have to wait an average of 106.8 days days before their assets are lifted off the market.
The NT suburb ranks 12th on the list of best yielding suburbs for rental properties in NT, posting a 6.04% return.
It also places places 34th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.65% | N/A |
| Median 12 month | -9.76% | N/A |
| Median 3 years | -23.47% | N/A |
| Median 5 years | -24.49% | N/A |
| 10 years average annual | 0.9% | N/A |
| Weekly media advert. rent | $430 | N/A |
| Time on Market | 106.8 days | N/A |
| Gross Rental Yield Percent | 6.04% | N/A |
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