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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 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|