Property investment areas to watch and avoid in 2019
Based on her knowledge and experience as a property valuer, investment adviser, market commentator and author, one expert shares some of the...
HUMPTY DOO, 836 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 $592,500.
Profits due to an downward trend in home prices in the suburb averaged -1.22% per annum over a 3-year period.
HUMPTY DOO now ranks at the 18th 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $540 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 152.6 days.
In 2016, 49 properties were sold in HUMPTY DOO during the past year, making it the 6th most active market in NT based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.33%||N/A|
|Median 3 years||-3.66%||N/A|
|Median 5 years||-3.97%||N/A|
|10 years average annual||3.22%||N/A|
|Weekly media advert. rent||$540||N/A|
|Time on Market||152.6 days||N/A|
|Gross Rental Yield Percent||4.74%||N/A|
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