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Property investors enjoyed capital gains of 11.67% over the last 12 months in BELLAMACK, translating to lower returns compared with its peers in NT.
Figures from the previous quarter show that capital gains for real estate buyers in BELLAMACK are high, as opposed to average gains per annum over the past five years.
The suburb posted a 10.74% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.
On average, rents on listings have reached the $700 mark, reflecting a 5.43% increase in returns based on the current median price in BELLAMACK.
BELLAMACK, 832 ranks 28th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 39th on the list of best yielding suburbs for rental properties in NT, posting a 5.43% return.
"Bellamack is a thriving suburb located in the Northern Territory that falls under the jurisdiction of the City of Palmerston, offering a harmonious blend of suburban tranquillity and modern conveniences.
Bellamack is conveniently situated approximately 25 kilometres southeast of Darwin’s central business district (CBD). This strategic location allows residents to enjoy the peace of suburban living while remaining within a reasonable commuting distance to the heart of the city.
With a population of around 2,500 residents, Bellamack is a diverse and growing community. Families, young professionals and retirees contribute to the suburb’s dynamic demographics, creating a welcoming and inclusive atmosphere.
Bellamack enjoys excellent public transportation connectivity, with regular bus services linking it to Darwin’s CBD and surrounding suburbs. This provides a convenient and efficient way for residents to commute to work or explore the city.
The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Bellamack Senior College and Good Shepherd Lutheran College. The nearby Gateway Shopping Centre offers a diverse range of retail shops, dining options and entertainment facilities.
Bellamack presents numerous recreational opportunities for residents. The picturesque Taminmin Community Library and Park is a great place for picnics, outdoor activities and relaxation. For those who enjoy sports, there are local sports grounds and facilities for various activities.
Bellamack offers a fantastic blend of suburban living with access to essential amenities and recreational opportunities. Its diverse community, educational institutions and proximity to Darwin make it an appealing choice for individuals and families seeking a comfortable and well-connected lifestyle in the territory. "