How rental and vacancy rates are performing in major capitals
New data reveals the national vacancy rate for May, and how asking prices for rentals have performed for property investors. ...
SADADEEN, 870 ranks 1785th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 3.05% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $422,500.
The upward trend in home prices in SADADEEN, 870 averaged 2.01% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 6.15% increase in returns based on the current median price in SADADEEN.
An average of 1.75 real estate transactions take place per month in SADADEEN which translates to 21 per annum.
21 properties were sold in SADADEEN in 2016, making it the 32nd most active market in NT based on total real estate transactions.
SADADEEN, 870 places 9th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $422,500 | $302,125 |
| GROWTH REPORT | ||
| Median Quarterly | 3.05% | 11.43% |
| Median 12 month | 3.05% | 34.28% |
| Median 3 years | 6.02% | 11.9% |
| Median 5 years | 2.42% | -2.54% |
| 10 years average annual | 4.47% | 5.04% |
| Weekly media advert. rent | $500 | $360 |
| Time on Market | 76.0 days | 109.2 days |
| Gross Rental Yield Percent | 6.15% | 6.2% |
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