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AREA REPORTS

Bakewell

NT/
Bakewell

Suburb Profile

Bakewell - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,832

house
unit

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.

Data report can be found below

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%
demographics (median values)
Total Population
2991
Weekly Household Income
1254
Household Size
2.60
demographics
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