Property investors enjoyed capital gains of 6.83% 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.
The suburb posted a 1.59% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $510 based on current median home prices for the suburb.
On average, rents on listings have reached the $510 mark, reflecting a 5.95% increase in returns based on the current median price in GILLEN.
GILLEN, 870 ranks 6th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 12th on the list of best yielding suburbs for rental properties in NT, posting a 5.95% return.
GILLEN, 870 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 $322,000.
Profits due to an downward trend in home prices in GILLEN, 870 averaged -0.56% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in GILLEN, 870 is 6.14%.
An average of 2.17 real estate transactions take place per month in GILLEN which translates to 26 per annum.
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