A -1.42% 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 18th.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $695,000
The augmented property values in the suburb are trailing above the territorial average of -3.65% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $785.
Home owners selling their properties and realtors in DESERT SPRINGS usually have to wait an average of 102.0 days days before their assets are lifted off the market.
The NT suburb ranks 15th on the list of best yielding suburbs for rental properties in NT, posting a 5.87% return.
It also places places 29th in Australia based on median property value growth during the quarter.
With the median home price in DESERT SPRINGS sitting at $354,500, and the average rent at $445, property owners could potentially earn a 6.53% increase in gross rental yield.
DESERT SPRINGS, 870 in NT belongs to the local government area of Alice Springs.
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