Property investors have seen a -4.26% 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 $225,000
Profits averaged -5.03% 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 10.17%.
An average of 1.67 real estate transactions take place per month in TENNANT CREEK which translates to 20 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-11.15%||N/A|
|Median 3 years||-15.09%||N/A|
|Median 5 years||-10%||N/A|
|10 years average annual||10.19%||N/A|
|Weekly media advert. rent||$440||N/A|
|Time on Market||188.0 days||N/A|
|Gross Rental Yield Percent||10.17%||N/A|