Suburb Profile
Bakewell - FREE SUBURB PROFILE REPORT POSTAL CODE: NT,832
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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $397,500 | $265,750 |
| GROWTH REPORT | ||
| Median Quarterly | -7.56% | -1.57% |
| Median 12 month | -18.04% | -4.92% |
| Median 3 years | -22.82% | -32.89% |
| Median 5 years | -22.06% | -27.19% |
| 10 years average annual | 1.22% | 0.76% |
| Weekly media advert. rent | $450 | $350 |
| Time on Market | 108.3 days | 95.4 days |
| Gross Rental Yield Percent | 5.89% | 6.85% |
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