Property investors have seen a -2.04% drop in BAKEWELL based on a decrease 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 $480,000
Profits averaged -2.71% 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 $460 based on current median home prices for the suburb.
The gross rental yield in BAKEWELL, 832 is 4.98%.
An average of 2.17 real estate transactions take place per month in BAKEWELL which translates to 26 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||1.05%||-4.33%|
|Median 3 years||-8.13%||-27.71%|
|Median 5 years||0%||-18%|
|10 years average annual||3.58%||2.25%|
|Weekly media advert. rent||$460||$350|
|Time on Market||110.2 days||186.0 days|
|Gross Rental Yield Percent||4.98%||6.34%|