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Herbert
AREA REPORTS

Herbert

Herbert - SUBURB PROFILE REPORT
POSTAL CODE: NT, 836

house

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.

Data report can be found below

Herbert
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $510,000 N/A
GROWTH REPORT
Median Quarterly 2% N/A
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
demographics (median values)*
Total Population
7756
Weekly Household Income
2422
Household Size
3.00
Age
36
Monthly Loan Repayment
2573
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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