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Bakewell
AREA REPORTS

Bakewell

Bakewell - SUBURB PROFILE REPORT
POSTAL CODE: NT, 832

house
unit

Property investors have seen a 2.7% gain in BAKEWELL based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on BAKEWELL, 832 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 25.33%.

Based on its average 5-year and quarterly capital gains BAKEWELL, 832 saw average growth 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 $475,000

Profits averaged 12.83% per annum over a 3-year period, due to an upward trend in home prices in BAKEWELL, 832.

This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

The gross rental yield in BAKEWELL, 832 is 4.93%.

An average of 2.33 real estate transactions take place per month in BAKEWELL which translates to 28 per annum.

Data report can be found below

Bakewell
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $475,000 $222,500
GROWTH REPORT
Median Quarterly 2.7% 11.25%
Median 12 month 25.33% 11.81%
Median 3 years 38.48% -3.26%
Median 5 years -4.33% -25.83%
10 years average annual 1.06% -4.1%
Weekly media advert. rent $450 $350
Time on Market 44.3 days 0.0 days
Gross Rental Yield Percent 4.93% 8.18%
demographics (median values)*
Total Population
15570
Weekly Household Income
2356
Household Size
2.90
Age
28
Monthly Loan Repayment
2474
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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