Property investors have seen a -7.56% 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 decrease 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 $397,500
Profits averaged -7.61% 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 $450 based on current median home prices for the suburb.
The gross rental yield in BAKEWELL, 832 is 5.89%.
An average of 1.5 real estate transactions take place per month in BAKEWELL which translates to 18 per annum.
Property investments in BAKEWELL did not fare well against the rest of the country last year, registering a median home price decrease of -4.92%.
Figures from the previous quarter show that capital gains for real estate buyers in BAKEWELL are high, as opposed to average gains per annum over the past five years.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BAKEWELL, homes and units usually stay on listing for an average of 95.4 days.
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 $265,750
Investors saw the median home price rise to $265,750.
BAKEWELL ranks 4th on the list of best yielding suburbs for rental properties in NT, posting a 6.85% return.
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