Based on its average 5-year and quarterly capital gains LARAPINTA, 870 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that LARAPINTA, 870 obtained a 6.48% growth over a ten-year period. It ranks 1073rd on our list of suburbs that property investors should look into.
LARAPINTA, 870 in NT belongs to the local government area of Alice Springs.
LARAPINTA, 870 has a capital gain of 19.72% for the past year, which is higher than average compared to its 5.59% growth within a five-year period.
With the median home price in LARAPINTA sitting at $425,000, and the average rent at $500, property owners could potentially earn a 6.12% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LARAPINTA are high, as opposed to average gains per annum over the past five years.
A 19.72% increase in median property prices in LARAPINTA, 870 has allowed this suburb to join the ranks of best performing suburbs in NT, settling at number 1st.
LARAPINTA, 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 $272,500.
Profits due to an downward trend in home prices in LARAPINTA, 870 averaged -3.31% per annum over a 3-year period.
Home owners selling their properties and realtors in LARAPINTA usually have to wait an average of 110.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $365 mark, reflecting a 6.97% increase in returns based on the current median price in LARAPINTA.
LARAPINTA, 870 places 2nd in Australia based on median property value growth during the quarter.