Suburb Profile Report for Gunn NT (0832)

Gunn House: Median price $475,000, Annual capital growth 3.31%, Number of sales 58, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Gunn has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.38%

Over the longer term, Gunn has seen property prices show investors a -19.63% return over the last 3 years. This is an improvement over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Gunn is offering property investors an average of -7.24. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in NT

Advertised rents are around the $500 mark per week – giving a return of 5.47% based on the median price in Suburb

Information supplied by:


June 2017

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A budget of $500-600,000 will secure you a good quality three or four bedroom home set amongst leafy streets.Full summary

Palmerston suburb works to avoid excess supply
Median house price: $479,000
Stock on market: -17.80%
12-month growth: -18.47%

Boasting family homes with big backyards, this popular inner suburb of Palmerston – a satellite city located around 30 minutes’ drive (or 23km) from Darwin – is growing in popularity. 

A budget of $500-600,000 will secure you a good quality three or four bedroom home set amongst leafy streets. These types of properties will readily return a yield of 5%-plus, where families are keen to live within close proximity to the local schools and the Palmerston CBD, which is a 10-minute drive.

In response to the Northern Territory’s downward slide, Gunn is aiming to minimise expenditures and avoid oversupply by limiting the number of properties on the market. Thus, stock fell by almost 18% in the past 12 months.

 

Close
Metrics i HOUSE UNIT
$475,000 N/A
-0.84% N/A
-10.38% N/A
3.31% N/A
$500 N/A
58 N/A
5.47% N/A
103.65 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 2638
Median household income ($/weekly) 2156
Median age of persons 28
Median housing loan repayment ($/monthly) 2600
Average household size 3
  • Census Count Percent(%)
    0-4 years 277 10.5
    5-14 years 422 16.0
    25-34 years 530 20.1
    35-44 years 442 16.7
    45-54 years 314 11.9
    Others 654 24.8
    Age Group
    Census Count Percent(%)
    Registered Married 830 47.5
    Not Married 558 31.9
    Defacto Relationship 361 20.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2116 82.8
    Papua New Guinea 49 1.9
    Philippines 59 2.3
    United Kingdom 108 4.2
    Other 67 2.6
    Others 158 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 54 2.2
    Christianity 1507 61.8
    Islam 13 0.5
    Other Religious Groups 15 0.6
    No Religion 843 34.6
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 73 9.7
    $1,500-$1,999 127 16.9
    $2,000-$2,499 125 16.6
    $2,500-$2,999 103 13.7
    $3,000-$3,499 97 12.9
    Others 226 30.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1175 62.8
    Employed, worked part-time 281 15.0
    Not in the labour force 248 13.3
    Employed, away from work 131 7.0
    Unemployed, looking for work 35 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 214 13.5
    Professionals 218 13.7
    Technicians & trades workers 244 15.4
    Community & personal service workers 307 19.3
    Clerical & administrative workers 273 17.2
    Others 333 21.0
    Occupation
    Census Count Percent(%)
    Pre-school 38 5.8
    Infants/Primary 294 44.7
    Secondary 184 28.0
    Technical or Further Educational Institution 30 4.6
    University or other Tertiary Institutions 91 13.8
    Others 21 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2497 98.5
    Semi-detached, row or terrace house, townhouse 38 1.5
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 435 51.8
    Being purchased 337 40.1
    Fully owned 68 8.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals