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Desert Springs

Suburb Profile

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

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A 0.62% 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 -2.77% 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 $649,000

The augmented property values in the suburb are trailing above the territorial average of -2.31% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $590.

Home owners selling their properties and realtors in DESERT SPRINGS usually have to wait an average of 93.2 days days before their assets are lifted off the market.

The NT suburb ranks 41st on the list of best yielding suburbs for rental properties in NT, posting a 4.73% return.

It also places places 19th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $649,000 $389,000
GROWTH REPORT
Median Quarterly 0.62% 2.5%
Median 12 month 0.62% N/A
Median 3 years -2.77% 11.94%
Median 5 years 3.02% 3.87%
10 years average annual 0.82% 1.48%
Weekly media advert. rent $590 $450
Time on Market 93.2 days 0.0 days
Gross Rental Yield Percent 4.73% 6.02%
demographics (median values)
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