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Property investors have seen a 5.98% gain in BAKEWELL based on an increase in median home prices for the past three months.
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 $390,000
Profits averaged -6.25% per annum over a 3-year period, due to an downward trend in home prices in BAKEWELL, 832.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in BAKEWELL, 832 is 5.07%.
An average of 1.75 real estate transactions take place per month in BAKEWELL which translates to 21 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $390,000 | $199,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.98% | -5.24% |
| Median 12 month | 0.39% | -15.32% |
| Median 3 years | -18.75% | -28.8% |
| Median 5 years | -23.53% | -47.63% |
| 10 years average annual | -1.21% | -5.88% |
| Weekly media advert. rent | $380 | $295 |
| Time on Market | 149.9 days | 0.0 days |
| Gross Rental Yield Percent | 5.07% | 7.71% |
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