ZUCCOLI, 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 $178,000.
Profits due to an downward trend in home prices in the suburb averaged -11.91% per annum over a 3-year period.
ZUCCOLI now ranks at the 32nd place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ZUCCOLI, homes and units usually stay on listing for an average of 168.1 days.
In 2016, 298 properties were sold in ZUCCOLI during the past year, making it the 17th most active market in NT based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-17.59%||N/A|
|Median 3 years||-35.74%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||-5.6%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||168.1 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|