Property investors have seen a -2.22% drop in TENNANT CREEK based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains TENNANT CREEK, 860 saw average decrease 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 $220,000
Profits averaged -7.14% per annum over a 3-year period, due to an downward trend in home prices in TENNANT CREEK, 860.
This means, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
The gross rental yield in TENNANT CREEK, 860 is 10.4%.
An average of 2.08 real estate transactions take place per month in TENNANT CREEK which translates to 25 per annum.
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