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Araluen
AREA REPORTS

Araluen

Araluen - SUBURB PROFILE REPORT
POSTAL CODE: NT, 870

house
unit

Property investments in ARALUEN did not fare well against the rest of the country last year, registering a median home price decrease of 4.83%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, 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 $580 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 93.2 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 $510,500.

ARALUEN ranks 14th on the list of best yielding suburbs for rental properties in NT, posting a 5.91% return.

Data report can be found below

Araluen
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $510,500 $331,500
GROWTH REPORT
Median Quarterly -1.35% N/A
Median 12 month 4.83% -1.04%
Median 3 years 3.55% N/A
Median 5 years 1.09% -11.6%
10 years average annual 0.45% 0.47%
Weekly media advert. rent $580 $450
Time on Market 93.2 days 0.0 days
Gross Rental Yield Percent 5.91% 7.06%
demographics (median values)*
Total Population
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Weekly Household Income
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Household Size
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Age
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Monthly Loan Repayment
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* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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