AREA REPORTS

East Side

 

 

NT/
East side

Suburb Profile

East Side - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,870

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unit

EAST SIDE, 870 ranks 1743rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.26% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb 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 $522,500.

The upward trend in home prices in EAST SIDE, 870 averaged 1.33% per annum over a 3-year period.

Average weekly rents on listings have reached the $505 mark, reflecting a 5.03% increase in returns based on the current median price in EAST SIDE.

An average of 4.25 real estate transactions take place per month in EAST SIDE which translates to 51 per annum.

51 properties were sold in EAST SIDE in 2016, making it the 7th most active market in NT based on total real estate transactions.

EAST SIDE, 870 places th 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 $522,500 $372,500
GROWTH REPORT
Median Quarterly 0% -0.67%
Median 12 month 3.26% 28.45%
Median 3 years 3.98% 37.96%
Median 5 years 11.88% 17.32%
10 years average annual 3.45% 5.74%
Weekly media advert. rent $505 $380
Time on Market 72.1 days 80.4 days
Gross Rental Yield Percent 5.03% 5.3%
demographics (median values)
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