A -6.34% 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 26th.
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 $384,000
The augmented property values in the suburb are trailing behind the territorial average of -4.35% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $420.
Home owners selling their properties and realtors in WOODROFFE usually have to wait an average of 112.6 days days before their assets are lifted off the market.
The NT suburb ranks 19th on the list of best yielding suburbs for rental properties in NT, posting a 5.69% return.
It also places places 30th in Australia based on median property value growth during the quarter.
Investment properties should not be...
If you are running a genuine rental...
The rental market should be totally...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal