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Figures from the previous quarter show that capital gains for real estate buyers in GILLEN are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
On average, rents on listings have reached the $495 mark, reflecting a 5.99% increase in returns based on the current median price in GILLEN.
GILLEN, 870 ranks 29th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 11th on the list of best yielding suburbs for rental properties in NT, posting a 5.99% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $430,000 | $287,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.18% | 13.64% |
| Median 12 month | -0.58% | 6.88% |
| Median 3 years | -4.97% | -10.71% |
| Median 5 years | -4.44% | 17.59% |
| 10 years average annual | 0.58% | -0.04% |
| Weekly media advert. rent | $495 | $380 |
| Time on Market | 99.2 days | 143.3 days |
| Gross Rental Yield Percent | 5.99% | 6.87% |
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