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East Side
AREA REPORTS

East Side

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

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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 $542,250.

The upward trend in home prices in EAST SIDE, 870 averaged 1.26% per annum over a 3-year period.

Average weekly rents on listings have reached the $540 mark, reflecting a 5.18% increase in returns based on the current median price in EAST SIDE.

An average of 3.33 real estate transactions take place per month in EAST SIDE which translates to 40 per annum.

40 properties were sold in EAST SIDE in 2016, making it the 10th most active market in NT based on total real estate transactions.

EAST SIDE, 870 places 13th in Australia based on median property value growth during the quarter.

Data report can be found below

East Side
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $542,250 $328,000
GROWTH REPORT
Median Quarterly 7.16% -4.93%
Median 12 month 26.1% 9.33%
Median 3 years 3.78% -12.53%
Median 5 years 10.55% 2.9%
10 years average annual 1.74% 0.07%
Weekly media advert. rent $540 $390
Time on Market 116.3 days 83.3 days
Gross Rental Yield Percent 5.18% 6.18%
demographics (median values)*
Total Population
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Weekly Household Income
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Household Size
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Age
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Monthly Loan Repayment
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* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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