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Thanks to the property boom pushing up property prices Australia-wide, many property owners aren’t necessarily awar...
A -6.85% increase in median property prices in HERBERT, 836 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 50th.
It 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 $510,000
The augmented property values in the suburb are trailing behind the territorial average of 11.91% in 2016.
Home owners selling their properties and realtors in HERBERT usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The NT suburb ranks 50th on the list of best yielding suburbs for rental properties in NT, posting a 0% return.
It also places places 35th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-6.85%||N/A|
|Median 3 years||-20.31%||N/A|
|Median 5 years||-10.53%||N/A|
|10 years average annual||0.98%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|