Sadadeen

POSTAL CODE: NT, 870

HOUSE

UNIT

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 $444,250.

The downward trend in home prices in SADADEEN, 870 averaged -3.39% per annum over a 3-year period.

Average weekly rents on listings have reached the $590 mark, reflecting a 6.91% increase in returns based on the current median price in SADADEEN.

An average of 2.17 real estate transactions take place per month in SADADEEN which translates to 26 per annum.

26 properties were sold in SADADEEN in 2016, making it the 41st most active market in NT based on total real estate transactions.

SADADEEN, 870 places 54th in Australia based on median property value growth during the quarter.

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 $284,500.

Average median unit prices in NT have risen as a whole, pulling SADADEEN, 870 values up and netting property investors a capital gain of 7.36% for the past year.

Investors saw the median home price rise to $284,500.

The downward trend in home prices in SADADEEN, 870 averaged -2.99% per annum over a 3-year period.

SADADEEN now ranks at the 18th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in SADADEEN are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In SADADEEN, homes and units usually stay on listing for an average of 89.7 days.

22 properties were sold in SADADEEN in 2016, making it the 22nd most active market in NT based on total real estate transactions.

Surburb overview

"Sadadeen is a suburban oasis located in the heart of Alice Springs, under the jurisdiction of the Alice Springs Town Council, offering residents a peaceful and family-friendly lifestyle with access to essential amenities and the unique charm of the outback. Nestled in the centre of the Red Centre, Sadadeen provides a comfortable living environment.

Sadadeen is conveniently situated just a few kilometres south of Alice Springs’ central business district (CBD). Its central location allows residents to easily access the city’s amenities while enjoying the tranquillity of suburban living.

With a population of around 2,000 residents, Sadadeen is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Sadadeen enjoys public transportation connectivity, with regular bus services linking it to Alice Springs’ CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Sadadeen Primary School and nearby Our Lady of the Sacred Heart Catholic College. The Alice Springs Plaza has a variety of retail shops, dining options and services for daily needs.

Sadadeen presents various recreational opportunities. The suburb features several parks, playgrounds and green spaces, making it ideal for outdoor activities and family outings. The nearby Todd River and Alice Springs Desert Park provide opportunities for nature walks, birdwatching and learning about the local flora and fauna.

Sadadeen offers a peaceful suburban lifestyle with easy access to essential amenities and the unique natural beauty of the Red Centre. Its diverse and close-knit community, educational institutions and proximity to Alice Springs make it an appealing choice for individuals and families seeking a serene yet well-connected place to call home in the territory. "

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$444,250	$284,500
Growth Report
Median Quarterly	-3.42%	3.45%
Median 12 month	3.31%	7.36%
Median 3 years	-10.16%	-8.96%
Median 5 years	18.47%	19.29%
10 years average annual	1.58%	0.8%
Weekly media advert. rent	$590	$500
Time on Market	106.7 days	89.7 days
Gross Rental Yield Percent	6.91%	9.14%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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