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Property investors have seen a 4.23% 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 $370,000
Profits averaged -9.15% 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 $440 based on current median home prices for the suburb.
The gross rental yield in BAKEWELL, 832 is 6.18%.
An average of 2.25 real estate transactions take place per month in BAKEWELL which translates to 27 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | $235,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.23% | 4.44% |
| Median 12 month | -12.94% | -12.56% |
| Median 3 years | -27.45% | -35.62% |
| Median 5 years | -28.57% | -38.16% |
| 10 years average annual | -0.13% | -1.67% |
| Weekly media advert. rent | $440 | $330 |
| Time on Market | 69.8 days | 0.0 days |
| Gross Rental Yield Percent | 6.18% | 7.3% |
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