Property investors have seen a -2.69% 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 $235,000
Profits averaged -3.94% 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 $420 based on current median home prices for the suburb.
The gross rental yield in TENNANT CREEK, 860 is 9.29%.
An average of 2.17 real estate transactions take place per month in TENNANT CREEK which translates to 26 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-7.53%||N/A|
|Median 3 years||-11.82%||N/A|
|Median 5 years||-6%||N/A|
|10 years average annual||10.44%||N/A|
|Weekly media advert. rent||$420||N/A|
|Time on Market||189.9 days||N/A|
|Gross Rental Yield Percent||9.29%||N/A|