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Gillen

POSTAL CODE: NT, 870
HOUSE
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Property investors enjoyed capital gains of 1.75% over the last 12 months in GILLEN, translating to lower returns compared with its peers in NT.

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 $640 based on current median home prices for the suburb.

On average, rents on listings have reached the $640 mark, reflecting a 7.63% increase in returns based on the current median price in GILLEN.

GILLEN, 870 ranks 46th in NT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 6th on the list of best yielding suburbs for rental properties in NT, posting a 7.63% return.

Surburb overview

"Gillen is a well-established and family-friendly suburb located in Alice Springs, Northern Territory, offering a comfortable suburban lifestyle with access to essential amenities.

Gillen is conveniently situated approximately 3 kilometres south of Alice Springs’ central business district (CBD). This prime location provides residents with easy access to the city’s amenities and services while enjoying a peaceful suburban atmosphere.

With a population of around 4,500 residents, Gillen is a close-knit community known for its family-friendly environment. The suburb attracts a mix of families, professionals and retirees, creating a diverse and welcoming atmosphere.

Gillen benefits from 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 Gillen Primary School and nearby Sadadeen Primary School. The Alice Plaza Shopping Centre, just a short distance away, provides a variety of retail stores, dining options and services.

Gillen presents numerous recreational opportunities. The suburb’s proximity to the Alice Springs Desert Park allows residents to enjoy immersive experiences of the region’s unique flora and fauna. There are also parks and green spaces, such as the Alice Springs Golf Club and Blatherskite Park, which offer leisurely activities and sporting events.

Gillen provides a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Alice Springs make it an appealing choice for individuals and families seeking a peaceful yet well-connected place to call home in the territory. "

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