‘Stable’ population growth to bolster building activity
Consistent population growth is set to support building activity going forward, according to an industry economist. ...
Figures from the previous quarter show that capital gains for real estate buyers in THE GAP are high, 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 $470 based on current median home prices for the suburb.
On average, rents on listings have reached the $470 mark, reflecting a 6.93% increase in returns based on the current median price in THE GAP.
THE GAP, 870 ranks 20th in NT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 4th on the list of best yielding suburbs for rental properties in NT, posting a 6.93% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $352,500 | $285,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.76% | -1.72% |
| Median 12 month | -0.14% | 0% |
| Median 3 years | 5.22% | -7.47% |
| Median 5 years | -18.02% | -23.28% |
| 10 years average annual | 4.77% | 3.33% |
| Weekly media advert. rent | $470 | $390 |
| Time on Market | 0.0 days | 81.0 days |
| Gross Rental Yield Percent | 6.93% | 7.12% |
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