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Desert Springs
AREA REPORTS

Desert Springs

Desert Springs - SUBURB PROFILE REPORT
POSTAL CODE: NT, 870

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unit

A 6.15% increase in median property prices in DESERT SPRINGS, 870 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 46th.

It 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 $690,000

The augmented property values in the suburb are trailing behind the territorial average of 14.1% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $770.

Home owners selling their properties and realtors in DESERT SPRINGS usually have to wait an average of 0.0 days days before their assets are lifted off the market.

The NT suburb ranks 18th on the list of best yielding suburbs for rental properties in NT, posting a 5.8% return.

It also places places th in Australia based on median property value growth during the quarter.

Data report can be found below

Desert Springs
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $690,000 $377,500
GROWTH REPORT
Median Quarterly 0% 0.94%
Median 12 month 6.15% 2.03%
Median 3 years 1.45% N/A
Median 5 years -2.13% N/A
10 years average annual 0.92% 2.29%
Weekly media advert. rent $770 $470
Time on Market 0.0 days 0.0 days
Gross Rental Yield Percent 5.8% 6.47%
demographics (median values)*
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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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