Property value increases in Rapid Creek have tracked just lower than the NT average of -5.47% over the last 12 months.
The five-year average increase in median property values for Rapid Creek,0810 has given property investors a potential capital gain of 10.78% across each of those five years.
Property investors looking for a bargain in Rapid Creek should be aiming for at least -6.61% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
Renters in Suburb are facing rents around $6480 per annum or $540 every week.
Rapid Creek, 0810 ranked 22th in NT when comparing growth in median property values or capital gain over the last 12 months. Rapid Creek is one of 124 in our list for NT
Over the longer term, Rapid Creek has seen property prices show investors a -29.11% return over the last 3 years. This is an improvement over the last 12 months
At number 8th of NT’s most discounted properties, Rapid Creek is in the middle of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 5.55%, without taking into account capital value appreciation, which has been averaging out at 5.18%.