East Side

POSTAL CODE: NT, 870

HOUSE

UNIT

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 $560,000.

The downward trend in home prices in EAST SIDE, 870 averaged -3.23% per annum over a 3-year period.

Average weekly rents on listings have reached the $625 mark, reflecting a 5.8% 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 16th most active market in NT based on total real estate transactions.

EAST SIDE, 870 places 34th in Australia based on median property value growth during the quarter.

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 $340,000.

Investors saw the median home price rise to $340,000.

The upward trend in home prices in EAST SIDE, 870 averaged 2.08% per annum over a 3-year period.

EAST SIDE now ranks at the 31st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in EAST SIDE are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $460 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In EAST SIDE, homes and units usually stay on listing for an average of 143.2 days.

33 properties were sold in EAST SIDE in 2016, making it the 12th most active market in NT based on total real estate transactions.

Surburb overview

"East Side is a well-established and diverse suburb located in Alice Springs, Northern Territory, offering residents a blend of suburban living and access to essential amenities.

East Side is conveniently situated right on the doorstep of Alice Springs’ central business district (CBD), providing residents with easy access to the city’s amenities and services. This prime location makes it a desirable choice for those seeking a comfortable lifestyle close to the city centre.

With a population of around 5,500 residents, East Side is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a rich tapestry of cultures and backgrounds.

East Side enjoys efficient public transportation connectivity, with regular bus services linking it to Alice Springs’ CBD and surrounding suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like St Joseph’s Catholic Flexible Learning Centre and nearby Yipirinya School. The Todd Mall in the CBD provides shopping, dining and cultural experiences just a short walk away.

East Side presents numerous recreational opportunities. The picturesque Alice Springs Desert Park is nearby, offering immersive experiences of the region’s unique flora and fauna. Residents can also explore the Alice Springs Telegraph Station Historical Reserve, a popular destination for its historical significance and walking trails.

East Side offers a comfortable suburban lifestyle with easy access to essential amenities and cultural experiences. Its diverse community, educational options and proximity to the CBD make it an attractive choice for individuals and families seeking a well-connected and vibrant place to call home in the territory. "

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$560,000	$340,000
Growth Report
Median Quarterly	3.94%	-2.3%
Median 12 month	12%	-1.88%
Median 3 years	-9.68%	6.25%
Median 5 years	10.89%	3.82%
10 years average annual	1.29%	3.59%
Weekly media advert. rent	$625	$460
Time on Market	99.9 days	143.2 days
Gross Rental Yield Percent	5.8%	7.04%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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