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8 MIN READProperty Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
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Tennant CreekTennant Creek - SUBURB PROFILE REPORT
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Property investors have seen a 10.87% gain in TENNANT CREEK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on TENNANT CREEK, 860 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 27.5%.
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 $255,000
Profits averaged 23.33% 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 8.56%.
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 | $255,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10.87% | N/A |
| Median 12 month | 27.5% | N/A |
| Median 3 years | 70% | N/A |
| Median 5 years | 1.39% | N/A |
| 10 years average annual | 4.4% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 8.56% | N/A |
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