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Tennant Creek
AREA REPORTS

Tennant Creek

Tennant Creek - SUBURB PROFILE REPORT
POSTAL CODE: NT, 860

house

Property investors have seen a 10.87% gain in TENNANT CREEK based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on TENNANT CREEK, 860 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 27.5%.

Based on its average 5-year and quarterly capital gains TENNANT CREEK, 860 saw average growth in the long term.

The NT suburb 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 $255,000

Profits averaged 23.33% per annum over a 3-year period, due to an upward trend in home prices in TENNANT CREEK, 860.

This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

The gross rental yield in TENNANT CREEK, 860 is 8.56%.

An average of 2 real estate transactions take place per month in TENNANT CREEK which translates to 24 per annum.

Data report can be found below

Tennant Creek
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $255,000 N/A
GROWTH REPORT
Median Quarterly 10.87% N/A
Median 12 month 27.5% N/A
Median 3 years 70% N/A
Median 5 years 1.39% N/A
10 years average annual 4.4% N/A
Weekly media advert. rent $420 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 8.56% N/A
demographics (median values)*
Total Population
n.a.
Weekly Household Income
n.a.
Household Size
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Age
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Monthly Loan Repayment
n.a.
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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