House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Property investors have seen a -28.57% 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 $155,000
Profits averaged -13.65% 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 $427.5 based on current median home prices for the suburb.
The gross rental yield in TENNANT CREEK, 860 is 14.34%.
An average of 1.58 real estate transactions take place per month in TENNANT CREEK which translates to 19 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $155,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -28.57% | N/A |
| Median 12 month | -32.61% | N/A |
| Median 3 years | -40.95% | N/A |
| Median 5 years | -36.73% | N/A |
| 10 years average annual | 7.73% | N/A |
| Weekly media advert. rent | $427.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 14.34% | N/A |
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