Vacancy rates hold steady
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
A 0.78% 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 16th.
A steady increase in median property prices over a five-year period in the suburb translates to a -8.23% capital gain.
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 $647,000
The augmented property values in the suburb are trailing above the territorial average of -0.81% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $760.
Home owners selling their properties and realtors in DESERT SPRINGS usually have to wait an average of 88.0 days days before their assets are lifted off the market.
The NT suburb ranks 11th on the list of best yielding suburbs for rental properties in NT, posting a 6.11% return.
It also places places 21st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $647,000 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.31% | -2.5% |
| Median 12 month | 0.78% | N/A |
| Median 3 years | -8.23% | N/A |
| Median 5 years | 7.39% | N/A |
| 10 years average annual | 3.28% | 9.41% |
| Weekly media advert. rent | $760 | $460 |
| Time on Market | 88.0 days | 0.0 days |
| Gross Rental Yield Percent | 6.11% | 6.46% |
Vacancy rates have come to a standstill in some areas, remaining at 2.2 per cent nationwide. ...
Online marketplace Grays is launching itself into the real estate and property market with the sale of land plots in Western Australia’s K...
As in most parts of the world, the COVID-19 pandemic has seen vast implications for the Australian real estate. How will the NSW capital’s...
New research has identified the top 10 areas recording the greatest change in dwelling market values from 31 March to 31 May. ...
Keen buyers are urged to be cautious before jumping in to the First Home Loan Deposit Scheme. ...
The latter half of the year is set to see less than desirable conditions in some cities, despite outlook being stronger than it was a few w...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
