The Pros And Cons Of Off-market Property Sales
What are the pros and cons of off-market property sales? We discuss how this selling approach works and delve into the p...
HUMPTY DOO, 836 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in NT have risen as a whole, pulling HUMPTY DOO, 836 values up and netting property investors a capital gain of 12.44% for the past year.
Investors saw the median home price rise to $587,500.
Profits due to an upward trend in home prices in the suburb averaged 2.5% per annum over a 3-year period.
HUMPTY DOO now ranks at the 44th 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 HUMPTY DOO are low, 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 HUMPTY DOO, homes and units usually stay on listing for an average of 70.1 days.
In 2016, 90 properties were sold in HUMPTY DOO during the past year, making it the 2nd most active market in NT based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.44%||N/A|
|Median 3 years||7.5%||N/A|
|Median 5 years||1.29%||N/A|
|10 years average annual||0.8%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||70.1 days||N/A|
|Gross Rental Yield Percent||4.87%||N/A|