Property investments in ARALUEN did not fare well against the rest of the country last year, registering a median home price decrease of -12.79%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains ARALUEN, 870 saw average growth in the long term.
Real estate investors could earn a rental income of $595 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 85.3 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $485,000.
ARALUEN ranks 8th on the list of best yielding suburbs for rental properties in NT, posting a 6.38% return.
Profits due to an downward trend in home prices in ARALUEN, 870 averaged -2.96% per annum over a 3-year period.
Average weekly rents on listings have reached the $397.5 mark, reflecting a 5.59% increase in returns based on the current median price in ARALUEN.
An average of 1.17 real estate transactions take place per month in ARALUEN which translates to 14 per annum.
14 properties were sold in ARALUEN during the past year, making it the 19th most active market in NT based on total real estate transactions.
ARALUEN, 870 places 18th in Australia based on median property value growth during the quarter.
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