4 Property Market Trends To Expect In 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
A 13.73% 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 22nd.
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 $381,000
The augmented property values in the suburb are trailing above the territorial average of 11.91% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $440.
Home owners selling their properties and realtors in WOODROFFE usually have to wait an average of 88.2 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 6.01% return.
It also places places 24th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.73%||N/A|
|Median 3 years||2.97%||N/A|
|Median 5 years||-15.61%||N/A|
|10 years average annual||-1.11%||N/A|
|Weekly media advert. rent||$440||N/A|
|Time on Market||88.2 days||N/A|
|Gross Rental Yield Percent||6.01%||N/A|