AREA REPORTS

Gillen

Suburb Profile

Gillen - FREE SUBURB PROFILE REPORT
POSTAL CODE: NT,870

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unit

Property investors enjoyed capital gains of 3.11% 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 low, 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 $520 based on current median home prices for the suburb.

On average, rents on listings have reached the $520 mark, reflecting a 6.28% increase in returns based on the current median price in GILLEN.

GILLEN, 870 ranks 10th in NT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 10th on the list of best yielding suburbs for rental properties in NT, posting a 6.28% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $430,500 $314,000
GROWTH REPORT
Median Quarterly -3.91% 0.32%
Median 12 month 3.11% -2.03%
Median 3 years -2.49% -1.26%
Median 5 years 1.29% 8.28%
10 years average annual 4.42% 6.19%
Weekly media advert. rent $520 $400
Time on Market 90.6 days 99.0 days
Gross Rental Yield Percent 6.28% 6.62%
demographics (median values)
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