ROSEBERY, 832 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 $500,000.
Profits due to an downward trend in home prices in the suburb averaged -6.34% per annum over a 3-year period.
ROSEBERY now ranks at the 13th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ROSEBERY are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $550 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ROSEBERY, homes and units usually stay on listing for an average of 121.5 days.
In 2016, 35 properties were sold in ROSEBERY during the past year, making it the 12th most active market in NT based on total real estate transactions.
With the median home price in ROSEBERY sitting at $325,000, and the average rent at $390, property owners could potentially earn a 6.24% increase in gross rental yield.
Property investors have seen a -6.47% drop in ROSEBERY based on a decrease in median home prices for the past three months.
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