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 $410,000.
The downward trend in home prices in SADADEEN, 870 averaged -2.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $490 mark, reflecting a 6.21% 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 35th most active market in NT based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $410,000 | $300,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 0% | 15.38% |
| Median 3 years | -7.08% | -6.25% |
| Median 5 years | -3.53% | -2.28% |
| 10 years average annual | 4.47% | 6.77% |
| Weekly media advert. rent | $490 | $360 |
| Time on Market | 80.1 days | 0.0 days |
| Gross Rental Yield Percent | 6.21% | 6.24% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...