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Tennant CreekTennant Creek - SUBURB PROFILE REPORT
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Property investors have seen a 6.98% gain in TENNANT CREEK based on an increase in median home prices for the past three months.
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 $230,000
Profits averaged 9.26% 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 9.5%.
An average of 2 real estate transactions take place per month in TENNANT CREEK which translates to 24 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $230,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.98% | N/A |
| Median 12 month | 4.07% | N/A |
| Median 3 years | 27.78% | N/A |
| Median 5 years | 6.98% | N/A |
| 10 years average annual | 3.16% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 9.5% | N/A |
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