NT/
Bakewell

Suburb Profile

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

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Property investors have seen a -9.38% 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 $435,000

Profits averaged -5.58% 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 5.5%.

An average of 1.42 real estate transactions take place per month in BAKEWELL which translates to 17 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $435,000 $270,000
GROWTH REPORT
Median Quarterly -9.38% -5.92%
Median 12 month -8.42% -9.7%
Median 3 years -16.75% -32.67%
Median 5 years -14.71% -24.63%
10 years average annual 2.35% 1.47%
Weekly media advert. rent $460 $350
Time on Market 103.4 days 170.4 days
Gross Rental Yield Percent 5.5% 6.74%
demographics (median values)
Total Population
2991
Weekly Household Income
1254
Household Size
2.60
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Bakewell, NT
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