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Herbert

Suburb Profile

Herbert - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,836

house

A -12% 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 41st.

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 $550,000

The augmented property values in the suburb are trailing behind the territorial average of -2.83% in 2016.

Home owners selling their properties and realtors in HERBERT usually have to wait an average of 106.5 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 38th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $550,000 N/A
GROWTH REPORT
Median Quarterly -3.51% N/A
Median 12 month -12% N/A
Median 3 years -13.73% N/A
Median 5 years -8.33% N/A
10 years average annual 2.21% N/A
Weekly media advert. rent N/A N/A
Time on Market 106.5 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)
Total Population
804
Weekly Household Income
1549
Household Size
3.10
demographics
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